Q: Can i file personal unsecured loans in bankruptcy and if yes.will i have to pay them off?
A:
If you are able to file a chapter 7 bankruptcy case, most unsecured debts are discharged and you would no longer have to pay them. This would include an unsecured loan. However, if, for various reasons, you will need to file under chapter 13, you will have to pay your debts through a payment plan. Whether chapter 7 or 13 is appropriate depends on your particular circumstances.
Information provided for informational purposes only and should not be taken as legal advice.
A: You have to include all debts including personal unsecured loans. If they are truly unsecured they will either be discharged (in a Ch. 7) or paid as unsecured (in a Ch. 13).
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