For those in New Hampshire who are facing overwhelming debt but feel that with enough time they may be able to meet their financial obligations, Chapter 13 bankruptcy may be an option worth considering. However, it is important to note that not all debts can be discharged through Chapter 13 bankruptcy. For example, child support and spousal support delinquencies generally cannot be discharged, even upon completion of a Chapter 13 repayment plan.
People in New Hampshire can find themselves facing hard financial times through no fault of their own. For example, they may have been laid off from work forcing them to use credit cards for daily expenses or they may have incurred hefty medical bills following a serious illness. When a person simply cannot pay back all their debts, they may want to consider filing for bankruptcy.
Many in New Hampshire at some point fall on hard times financially. They may lose their job forcing them to rely on credit cards for daily expenses. They may experience a serious illness that racks up hefty medical bills. Or, they may find that they have fallen behind on their mortgage obligations and when they try to sell their home to satisfy them, their home is worth less than what they still owe to the lender. These situations are not necessarily anyone's fault, but they could spell financial disaster to even the most fiscally responsible person.