Under Chapter 7 bankruptcy law, there are two types of debts: those that are dischargeable, and those that are not. Once a debt has been discharged, you are no longer responsible for it. This means that discharged debts can no longer be held against you, and creditors are no longer able to try to collect these debt from you. Knowing which debts can be discharged and which cannot is vitally important to you when you are determining if filing for Chapter 7 bankruptcy is right for you.
List of Non-Dischargeable Debts
The following debts are considered non-dischargeable under current law. You may still be held accountable for these debts following your bankruptcy filing:
- Unpaid taxes and tax liens
- Student loans
- Spousal support
- Child support
- Debts acquired through fraud or false representation
- Debts related to willful and malicious injury
- Debts owed to the government
- Debts related to lawsuits stemming from accidents you committed while intoxicated
- Certain condominium and cooperative collective fees and costs
These debts cannot be discharged through a Chapter 7 filing. If you are dealing with the burden of these debts, you may consider looking into other options. Whatever your debt needs, the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC would like to discuss them with you.
The Milwaukee bankruptcy attorneys of the DeLadurantey Law Office, LLC understand the confusion and fear that goes along with heavy debts. We may be able to work with you to help you overcome these concerns, discharge your debts, and get your life back in order. Contact us today by calling 414-377-0518.