What debts are discharged by a bankruptcy, and what debts cannot be discharged by a bankruptcy?

Bankruptcy Attorney
[bkvideo file=”/bkvideos/Is the debt discharged complete.mp4″ width=”590″ height=”443″ thumb=”default”]

Not all debts are discharged in a bankruptcy. Child support and alimony obligations are not discharged. In most cases, student loans do not get discharged in your bankruptcy. Most taxes are not discharged in bankruptcy – but some are if they are old enough – and are income taxes, – not sales taxes or employee withholding taxes. Debts that arise as a result of accidents involving drugs or alcohol, or debts which arise as a result of intentional wrongdoing don’t get discharged either. Most of the debts that do not get discharged in bankruptcy are ones you would expect not to be discharged. Debts incurred by fraud, for example. But most of a consumer’s debts like medical bills and credit cards, automobile repossession deficiencies, foreclosure deficiencies, and utility bills do get discharged.

Leave a Reply

Your email address will not be published. Required fields are marked *