Grammy award-winning singer Toni Braxton recently had many of her debts discharged under Chapter 7 bankruptcy.
The singer filed for bankruptcy last September. The Chapter 7 filing listed $18.3 million in debts and $1.6 million in assets.
Under Chapter 7 bankruptcy, certain types of debts are eligible to be discharged. An order from the U.S. Bankruptcy Court in Los Angeles states that most of the singer’s eligible debts were discharged. Some taxes, student loans, criminal fines, and domestic-support payments are not eligible for discharge.
With the order, Braxton is no longer responsible for paying off certain debts. In addition, creditors are prevented from taking action against the singer for repayment.
If you have questions about what qualifies as a dischargeable debt and what does not, contact the Birmingham dischargeable debt lawyers of Greenway Bankruptcy Law, LLC at (205) 324-4000 to speak with one of our experienced bankruptcy attorneys.