Here's Who We Are

We're Fund Virtually Everything

We fund business owners nationwide, regardless of industry, credit, or time in business. We fund it all.

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We Provide Multiple Options

We have a lot of different financing options available to our clients. Regardless of your situation, we’ll have a solution for you.

Fast Approval

Our application process is completely online. You can get funds in your bank account in literally 24 hours.

The Working Capital You Need In 24 Hours.

We get you funding. It's that simple. Regardless of credit, income, or time in business - we'll fund you.


Use our online form or call toll-free anytime to get started. There's no cost, and the application takes only three minutes.


Receive application approval in as little as 24 hours. There is no credit check required.

Receive Funds

Review and return your signed agreement and get your money in as little as 24 hours.

Recent Business Loans Funded

100K Term Loan

Ambulance Service

Our client bought a new ambulance.
2019 - June
55K Advance

Truck Funded

Our client used the funds to hire new team members.
2019 - February
85K Term Loan

Restaurant Funded

Our client used the funds for restaurant equipment.
2019 - May

Get a Decision in as Little As 30 Seconds

We’re Fast. We Help Regardless of Credit. WE HAVE A SOLUTION FOR YOU.

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We have a completely online application process, which is simple and easy.

Get Offers

We'll match you with the best loan offers we have that are financially responsible.

Get Funded Quickly

We'll fund you the same day you accept our offer.

How Delancey Street Works

Fill Out Our Application

Answer basic questions about yourself and fill out our entirely online application. Each loan has its own online process.

Meet Your Concierge

We'll pair you with an experienced Delancey Street specialist who will reach out to you, and understand your needs. We'll try to determine which financial product is right for you.

Compare Our Loan Offers

We give you a few different loan offers based on your scenario and what options you qualify for.

Choose Your Loan

Once you've chosen a loan that works for you, we finalize it and start getting the documents needed.

Get Funded

Once we get all of the documents back, we'll get you funded ASAP.

We Help You Grow

After you get funded, your Delancey Street concierge specialist will keep in touch to make sure you're happy and doing well.

Business Loans

Get business loans ranging from 3 months to 18 months
No credit score requirement, we have a program for everyone
We can fund up to $5 million in virtually 24 hours

Will Bankruptcy Wipe Out All My Debts?


Will Bankruptcy Wipe Out All My Debts?

Filing for bankruptcy can seem like a scary thing. But for folks struggling under mountains of debt, it can be a real lifesaver. This article looks at whether bankruptcy wipes out all debts so you can decide if it’s the right path for you.

The Basics of Bankruptcy

There are two main types of personal bankruptcy – Chapter 7 and Chapter 13. Chapter 7 bankruptcy completely wipes out (discharges) many of your debts. The court appoints a trustee who takes over your assets, sells them, and uses the money to pay back as much debt as possible. The remaining debts are discharged. Chapter 13 bankruptcy sets up a 3-5 year repayment plan to pay back debts. At the end, the remaining debts are discharged.

Both types have pros and cons. Chapter 7 gets it over quicker but you lose assets. Chapter 13 lets you keep assets but takes longer. Your lawyer can help pick the best type for your unique situation.

What Debts Are Discharged in Bankruptcy?

The key question is – what debts can actually be wiped out thru bankruptcy? Let’s take a look:

  • Credit card debt – This unsecured debt is almost always discharged in Chapter 7 or 13 bankruptcy. That’s a huge relief for folks drowning in high-interest credit card balances.
  • Medical debt – Outrageous hospital or doctor bills are usually discharged in bankruptcy. Just make sure it’s not related to a personal injury case.
  • Personal loans – Unsecured personal loans from banks, payday lenders, or online lenders are generally discharged.
  • Past-due utilities – Overdue electric, gas, water, cable, or phone bills are often discharged.
  • Rent – Past-due rent can be discharged in bankruptcy. But you still need to stay current on rent going forward.
  • Car loans – Your auto loan balance can be reduced or eliminated in Chapter 13 bankruptcy. In Chapter 7 the lender may repossess the car.
  • Mortgages – Chapter 13 bankruptcy can help catch up on missed payments and avoid foreclosure. In Chapter 7, the home may be sold to pay debts.

As you can see, bankruptcy wipes out a ton of problematic debt. For many folks, this gives them the fresh start they desperately need.

What Debts Are Not Discharged in Bankruptcy?

Now let’s look at some debts that can’t be wiped out through bankruptcy:

  • Student loans – These are very hard to discharge in bankruptcy except in special circumstances.
  • Child support – You still owe child support even after filing for bankruptcy.
  • Alimony – Alimony and other divorce-related debts generally can’t be discharged.
  • Government fines – Parking tickets, traffic fines, and other penalties aren’t wiped out.
  • Recent taxes – Income taxes from the past 2-3 years must still be paid.
  • HOA fees – Homeowners association dues aren’t discharged in bankruptcy.
  • Criminal restitution – Court-ordered payments to victims of crimes can’t be discharged.

As you can see, not all debts can be eliminated in bankruptcy. Student loans, child support, recent taxes, and other obligations remain due. But for most filers, wiping out credit cards, medical bills, and other debt still provides major relief.

The Power of the “Automatic Stay”

One of the best parts of filing for bankruptcy is something called the “automatic stay.” This is a court order that immediately stops any collection activities against you. No more harassing phone calls or threatening letters from creditors. The stay provides breathing room to sort out your debts under bankruptcy protection.

The Downsides of Bankruptcy

While bankruptcy provides many benefits, it also comes with downsides to consider:

  • Your credit score will drop significantly after filing and take years to fully recover.
  • Any assets liquidated in Chapter 7 like a home or car are lost forever.
  • Bankruptcy stays on your credit report for 7-10 years.
  • You may still have to repay some debts like student loans and recent taxes.
  • There are legal fees, court costs, and trustee expenses to file for bankruptcy.
  • You can only file Chapter 7 bankruptcy once every 8 years.

While bankruptcy wipes out many burdensome debts, it comes at a heavy cost. Make sure you explore all your options before taking this major step.

Alternatives to Bankruptcy

Other options beyond bankruptcy to deal with debt include:

  • Debt consolidation loans – Roll multiple debts into one lower monthly payment.
  • Debt management plans – Work with a credit counselor to negotiate lower interest rates and payments.
  • Debt settlement – Lump sum settlements for a fraction of what you owe.
  • Credit counseling – Get guidance from a nonprofit credit counseling agency.

Be sure to fully research any debt relief program or service before signing up. There are many predatory companies out there looking to take advantage of desperate borrowers.

The Bottom Line

Bankruptcy can be a powerful tool to wipe out credit card balances, medical bills, personal loans, and other problematic debt you can’t afford. However, some obligations like student loans and child support remain due. Be sure to weigh the pros and cons carefully before filing.

If you decide bankruptcy is your best path forward, be sure to work with an experienced bankruptcy attorney. They can help ensure your case goes smoothly and maximize the financial relief you receive. With the burden of oppressive debts lifted, you can start fresh and begin rebuilding your financial life.


Delancey Street is here for you

Our team is available always to help you. Regardless of whether you need advice, or just want to run a scenario by us. We take pride in the fact our team loves working with our clients - and truly cares about their financial and mental wellbeing.

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In The Media

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