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Can all debt be discharged?

debt discharged
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Can all debt be discharged?

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David Henshaw

In bankruptcy, the most common unsecured debts are usually dischargeable in bankruptcy.  This means that the debts can be eliminated through the bankruptcy case.  Most of these debts include credit cards, personal loans not associated with property that can be obtained if a debt is not paid, and unpaid bills.

Debts that cannot be discharged (or eliminated) in bankruptcy include:

Certain taxes

Domestic support obligations

Student loans

Debts not included in the bankruptcy petition

Money, goods, or services by fraud or deception

Death or injury caused by the debtor’s driving while intoxicated

Fiduciary fraud, larceny, or embezzlement

www.Bankruptcy-SanJose.com

 

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A. No. It is the general policy of the courts to exclude certain categories of debt from discharge. Those categories include, but are not limited to, child support, alimony, certain unpaid educational loans and taxes as well as liabilities incurred as the result of fraud.

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