If you are someone who currently has amassed a certain amount of debt that you simply cannot pay off and are looking for a fresh start, bankruptcy is most likely your most viable option. The goal of bankruptcy, whether you are filing for Chapter 13 or otherwise, is to discharge your debt. Simply put, there are various types of debt that are dischargeable, or that can be eliminated, and this is very much welcome news to many individuals. However, that being said, you should note that there are various debts in bankruptcy that cannot be discharged no matter what, meaning you will still find a way to pay them off.
Of course, our experienced Rockland County bankruptcy attorney can guide you through the bankruptcy process and help you create a plan regarding how to pay off your non-dischargeable debts, however, you should first have a firm understanding of what those debts truly are. Please continue reading and reach out to our knowledgeable firm to learn more about the bankruptcy process and which debts are, and are not, dischargeable. Here are some of the questions you may have:
Which debts are dischargeable in bankruptcy?
There are various debts that may be discharged in bankruptcy. Those debts are known as unsecured debts. Some of the most common unsecured debts are as follows:
- Medical bills
- Personal loans
- Credit card debts
- Certain obligations you failed to meet under a lease or a different contract.
Which debts are not dischargeable in bankruptcy?
The following debts, under most circumstances, are not dischargeable in bankruptcy:
- Any debt that you excluded from your bankruptcy petition
- Most tax debt or liens
- Child support payments
- Alimony payments
- Fines that you owe certain government agencies
- In most cases, student loans cannot be discharged
- Personal injury debts that you have incurred due to an accident caused by your drunk driving
- Any fees you owed your attorney relating to child custody or child support
- Criminal restitution for crimes that you have committed
- Money that you owe someone in a personal injury case wherein the accident was your fault
If you have any additional questions about bankruptcy in New York State, please do not hesitate to pick up the phone and give our knowledgeable Rockland County bankruptcy attorney a call today. Our firm is here to help.
Contact our experienced New York firm
The Law Offices of Allen A. Kolber, Esq. effectively represents clients facing Bankruptcy in Rockland County and all of New York State. Our firm understands the stress one can feel when facing a difficult financial future. Our compassionate staff will work to ease your fears and help you make a new start. If you need quality legal support, contact The Law Offices of Allen A. Kolber, Esq.