Dischargeable Bankruptcy Debts – All debts of any type or amount, including debts of creditors that are out of state, are dischargeable bankruptcy debts in a chapter 7 bankruptcy except those debts that are by law not dischargeable bankruptcy debts. And, even if the debt is not a dischargeable bankruptcy debt, there are always exceptions to the rule. Following are some of the debts that are not dischargeable bankruptcy debts in a Chapter 7.
(1) Most tax debts, including debts that were incurred to pay federal tax debts (for example if you put your tax debt on a credit card, the credit card debt would not be dischargeable).
(2) Debts for obtaining money, property, services, or creditor by means of false pretenses, fraud, or a false financial statement (and the creditor files an adversarial proceeding against you).
(3) Debts not listed on the bankruptcy petition, unless the creditor knew of the bankruptcy case another way and the creditor had knowledge in time to file a claim.
(4) Debts for fraud, embezzlement, or larceny (and the creditor file an adversarial proceeding against you).
(5) Debts for domestic support obligations, for example, alimony, spousal support, child support, and certain other divorce-related debts, including property settlement debts.
(6) Debts for intentional or malicious injury a person or their property, (and the creditor files an adversarial proceeding against you).
(7) Debts for certain files or penalties.
(8) All types of Student loans debts including both private and government student loans.
If you thinking about filing a Chapter 7 Bankruptcy, and you wish to determine which of your debts are dischargeable bankruptcy debts in a chapter 7, or if an exception to the discharge rules might apply to you, you should discuss the specific circumstances of the debts with a knowledgeable bankruptcy attorney.
For more information about dischargeable bankruptcy debts and a FREE consultations call 404-348-4081 – The Remboldt Law Firm, LLC.