Filing bankruptcy in Colorado or Oregon will eliminate, or “discharge,” virtually all of your debts. Although you may not care about discharging your credit card debts in bankruptcy, you may feel badly about doing the same thing to your friends, family, or other people who have helped you along the way – such as a doctor, pharmacist, accountant or contractor.
Debts you owe to these types-of creditors will most likely be discharged in your bankruptcy because you have to list all of your debts on your paperwork when filing for bankruptcy. There is nothing, however, that prevents you from voluntarily repaying these debts after you file for bankruptcy. Communicating your intent to repay your friendly creditors may even make them feel better about your bankruptcy filing.