Are some debts not dischargeable in bankruptcy?
Yes. It is usually not possible to eliminate the rights of secured creditors. Although it is possible to cure arrears and force creditors to take payments over time in the course of a chapter 13 plan, a debtor generally cannot keep secured collateral unless he continues to pay. In addition, some debts have been singled out for special treatment pursuant to bankruptcy law and cannot be discharged such as child support, alimony, most student loans, certain court ordered payments, criminal fines and some taxes. If a relative or friend has co-signed a loan which you plan on discharging in bankruptcy, the co-signer may still be obligated to repay the loan. Finally, debts which are incurred after you file your bankruptcy case are not discharged.
