What Debt Cannot Be Discharged When Filing for Bankruptcy?
Bankruptcy offers overwhelmed debtors an opportunity for a fresh start through either the liquidation (Chapter 7) or reorganization (Chapter 13) of debt. It is highly possible that a chapter 7 bankruptcy fails to provide relief from a variety of non-dischargeable debt. Not all debts can be discharged, however, and several are very difficult to discharge. A non-dischargeable debt may includes the following:
- Child support and spousal maintenance payments
- Repayment of student loan, unless necessary
- Repayment of past three-year income taxes
- Payment of bad check or fraudulent payments
- Debts due to divorce settlements
- Debts incurred due to fraud, larceny, embezzlement, or “willful and reckless acts”
If you choose to file for Chapter 7 bankruptcy in Detroit , it is strongly recommended that you retain the services of an experienced bankruptcy lawyer in Detroit, MI. The right Michigan bankruptcy lawyer can have a significant impact on the outcome of your case. To find out more information, call our firm today at 248-281-6299 . Don’t wait to schedule a consultation with a bankruptcy lawyer whom you cannot trust when you need a fresh start.
If you’re struggling with out-of-control debt, you owe it to yourself to consider your options. There’s no substitute for meeting with an experienced bankruptcy lawyer. At Detroit Bankruptcy Law Firm you can find out whether bankruptcy is right for you by sitting down with one of our attorneys during a free consultation. Call 248-281-6299.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.