Are personal loans dischargeable?

Yes, personal loans are usually dischargeable. In the case of Chapter 7 bankruptcy, most types of debt can be discharged, including unsecured debts from creditors. Personal loan debt can be discharged as part of bankruptcy proceedings. In Chapter 13 bankruptcy, unsecured debts are generally not immediately discharged, and any debt cancellation is subject to the filer adhering to a court-mandated repayment plan.