Will all my debt be discharged after my bankruptcy?

When you fall behind on bills and start receiving harassing phone calls from lenders or collection agencies, it may feel as though you have nowhere to turn. However, that’s not the case. If you feel that you have lost control of your financial life, you may want to consider filing for bankruptcy. While filing for bankruptcy may not be the best choice for every person who has fallen on difficult financial times, it may be the right choice for you. When you choose to file for bankruptcy, many of your debts will be discharged or canceled, once the process of filing for bankruptcy is completed.


If you feel that filing for bankruptcy might be the right choice for you or your family, it would be wise to contact an experienced Florida bankruptcy attorney to help guide you through the process and give you specific details about what to expect on your journey to financial freedom. The attorneys at Hoskins, Turco, Lloyd, and Lloyd have over 30 years of experience of successfully working with clients who are in the process of declaring bankruptcy.

What Is the Process of Filing for Chapter 7 Bankruptcy?

Most individuals who file for bankruptcy choose to file for Chapter 7 bankruptcy relief. If you are unsure about which bankruptcy relief is right for you, contact your attorney who has experience in dealing with a variety of bankruptcy cases and can help guide you in the right direction.

In general, you can expect the entire process to take about four months. Here are the steps in a Chapter 7 bankruptcy case:

  • File a bankruptcy petition. Your case begins once you file a petition for bankruptcy with the court. This petition will need to contain documents that show the state of your financial life: income verification, expenses, debts, properties, etc., as well as proof that you completed a credit counseling course within the last six months.
  • You receive an automatic stay. The automatic stay will be put in place immediately once you submit your petition successfully. The automatic stay tells all of your creditors and lenders that they must cease all debt collection attempts immediately. This includes any attempt to collect money, as well as place new liens on your property, as well as most attempts at repossession or foreclosure. The automatic stay will be in place for the duration of your case, or until your debts are discharged.
  • Meeting of creditors. You will meet with a trustee and potentially any creditors you owe in order to answer questions about your identity and the state of your finances. You will have to provide paperwork that supports the claims made when originally filing your bankruptcy petition.
  • The financial management course is completed. You will be required to complete a financial management course in addition to the credit counseling course needed to file for bankruptcy in the first place. This step is integral to the bankruptcy process, as your debt won’t be discharged unless this course is completed.
  • Debt is discharged. Once all of the first steps are completed, your eligible debt will be discharged and notice will be sent to all your creditors that they cannot again attempt to reclaim or collect that debt.
  • The case is closed. Generally speaking, your case will be closed out fairly quickly after your debt has been discharged. However, there are some unique situations that would prevent your case from being closed right away, such as your trustee needing more time to distribute any non-exempt assets collected or being involved in any bankruptcy litigation.

Will All My Debt Be Discharged in Chapter 7 Bankruptcy?

In short, no, not all debt is eligible to be discharged in Chapter 7 bankruptcy relief.

Most unsecured debt, such as credit card debt, medical bills, and personal loans are eligible for being discharged when you declare bankruptcy. However, there are certain categories of debt that are not dischargeable. These 19 categories of debt were decided by Congress to be ineligible for discharge, generally due to public policy reasons.

Debts ineligible for discharge include any federal student loan debts and domestic debts such as child support or alimony, as well as any recently accrued federal, state, or local taxes. It is also important to note that any new debt that has been taken on since the start of the bankruptcy proceedings would be ineligible for discharge, as only the debts listed in the initial bankruptcy petition will be considered.

There are also situations where the debts may not be dischargeable if the creditor objects.

Though less common, it is also worth noting that any debt that is connected to any kind of fraudulent activity may not be eligible to be discharged. There are also other specific kinds of debts that will not necessarily be discharged because of creditor objections, such as luxury purchases within 90 days of your initial filing, or any cash advances over $1,000 taken out within 70 days of filing. Creditors would have to file their objections with the court and the court would make the final decision about whether those particular debts would be able to be discharged or if the bankruptcy petitioner would still be liable to repay them.

If most of your debts are debts that are not dischargeable under Chapter 7, it may not be in your best interest to declare bankruptcy. If this is the case, it is important that you contact an experienced bankruptcy attorney in your area who can review the facts of your case and help you make an informed decision about which route to take that works best for your specific situation.

Struggling With Debt? Hire an Experienced Bankruptcy Attorney on the Treasure Coast

If you have been having a difficult time honoring your financial obligations and are wondering if bankruptcy might be right for you, contact an experienced bankruptcy attorney.

At Hoskins, Turco, Lloyd, and Lloyd, we have over 30 years of experience representing our clients in bankruptcy cases. Hiring an attorney during this stressful time can help ensure that you are able to make the right choices for yourself and your family. With four offices located across the Treasure Coast for your convenience, we have experience representing clients in Vero Beach, Port St. Lucie, Ft. Pierce, and Okeechobee.

Contact us today to schedule your complimentary, no-obligation consultation, where you’ll get to sit down with one of our knowledgeable attorneys and receive personalized advice about your case and how to best move forward. Whether you would prefer to meet in person or virtually, you can schedule your consultation by calling us at 866-460-1990 or contacting us online.

Verdicts and Settlements

$1.2 Million

Auto Accident Settlement

$1.6 Million

Wrongful Death Settlement

$11.1 Million

Settlement for motorcycle accident


Ft. Pierce Office
302 South Second Street
Ft. Pierce, FL 34950
Phone: (772) 464-4600
Fax: (772) 465-4747
Port St. Lucie Office
1555 NW St. Lucie West Blvd
Suite 203, Port St. Lucie, FL 34986
Phone: (772) 344-7770
Fax: (772)344-3838
Okeechobee Office
1910 S Parrott Ave
Okeechobee, FL 34974
Phone: (863) 357-5800
Fax: (863) 763-2237
Vero Beach Office
2101 15th Avenue
Vero Beach, FL 32960
Phone: (772) 794-7774
Fax: (772) 794-7773