What are Dischargeable Debts? Through bankruptcy, many debts can be "discharged.
" Discharging a debts means that it is completely eliminated.
You will not be required to repay the debt, and your creditors are legally prohibited from attempting to collect the debt.
That protection is guaranteed once a liability has been discharged through bankruptcy.
Many liabilities can be discharged when you file for a bankruptcy.
However, there may be some liabilities that you will be responsible for paying off, even after filing bankruptcy.
These types of liabilities are non-discharging liabilities.
A person with these types of debts will be required to pay these debts regardless of filling bankruptcy.
Discharging liabilities through bankruptcy will allow you to get out from under the crushing weight of debt.
An experienced bankruptcy attorney can make sure that you can get on with your life after you file for bankruptcy.
Non-Dischargeable Liabilities in a Bankruptcy In general the following debts will not be cleared through a bankruptcy: Alimony Child Support Recent Taxes Debt from a fraud conviction Debt from a DUI conviction Debt from a malicious injury conviction Debt from other criminal activities Most student loans Meet With a Bankruptcy Attorney The laws affecting dischargeable and non-dischargeable debt can change.
To make sure that you are eliminating all of the debt that you legally can you need to speak with an experienced bankruptcy attorney.
Your attorney will sit down with you and help you evaluate your situation and make sure that you get everything you can out of your bankruptcy.