What types of debts cannot be discharged under Bankruptcy?
Do you know what types of debts cannot be discharged under Bankruptcy?
Certain types of debts are NOT discharged in bankruptcy. The following debts are among the debts that generally may not be canceled by bankruptcy:
- Alimony, maintenance or support for a spouse or children.
Bankruptcy will not discharge court ordered child or spousal support payments. These debts, including any missed payments are not dischargeable through bankruptcy.
- Student loans.
Typically, student loans are not dischargeable. However, you can ask the court to discharge the loans if you can prove that paying them is an “undue hardship.”
- Money borrowed by fraud or false pretenses.
A creditor may try to prove in court during your bankruptcy case that you lied or defrauded them, so that your debt cannot be discharged.
- Income taxes.
- Most criminal fines, penalties and restitution orders.
The exception includes tickets fines.