Which debts cannot be eliminated (discharged) in either a Chapter 7 or Chapter 13 Bankruptcy?
• Debts you failed to list when you filed Bankruptcy, however there are a few exceptions to this rule. • Debts for child support and alimony. • Debts for personal injury or death caused by driving while intoxicated (drugs or alcohol). • Debts for student loans – few exceptions may apply • Fines and penalties imposed for violating the law, such as traffic tickets and criminal restitution. • Property taxes against property you want to keep. • Income taxes for the last three (3) years. • Mortgage payments in arrears – if you choose to keep your home. • Vehicle loans in arrears – if you choose to keep your vehicle. Back to Top 8.Can I file Bankruptcy if I own a business? Yes, you can file bankruptcy if you own a business; however, there are many factors to consider. Having sound bankruptcy legal advice is extremely important. Making well informed decisions should be your main concern. Back to Top 9. In Bankruptcy, what is the difference between a Discharge and a Dismissal? A discharge of a
Related Questions
- I received a discharge in a Chapter 7 Bankruptcy, but some debts that could not be discharged remain. Can filing a Chapter 13 help me with these debts?
- Which debts cannot be eliminated (discharged) in either a Chapter 7 or Chapter 13 Bankruptcy?
- What tax debts may not be discharged in a Chapter 7 bankruptcy?
