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Category: Bankruptcy Law
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I am confused. Why can the credit cards be whiped out but

Resolved Question:

I am confused. Why can the credit cards be whiped out but not a mortgage?
Submitted: 5 years ago.
Category: Bankruptcy Law
Expert:  WiseOwl58 replied 5 years ago.
The credit card debt is unsecured debt that is discharged in bankruptcy.

On the other hand, a mortgage is secured debt that is treated differently in the bankruptcy process because of the security interest in the real property.

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