800,000 people and businesses per year file for relief under bankruptcy to eliminate or restructure their debt.
But some debts are “immune” from a bankruptcy discharge - the word is “non-dischargeable”. This means that when the smoke clears and the bankruptcy is over, these debts will still have to be paid.
The kinds of debts that survive the bankruptcy depend on the type of bankruptcy you file. A debt may be discharged in a Chapter 7 that may NOT be discharged in a Chapter 13 or the other way around.
If you have debts resulting from a divorce, if you owe taxes or other governmental debt, or if you intentionally injured a person or damaged someone’s property; filing bankruptcy to relieve you of your debt may not help!
This book guides you through those kinds of debts and those kinds of bankruptcies.
But some debts are “immune” from a bankruptcy discharge - the word is “non-dischargeable”. This means that when the smoke clears and the bankruptcy is over, these debts will still have to be paid.
The kinds of debts that survive the bankruptcy depend on the type of bankruptcy you file. A debt may be discharged in a Chapter 7 that may NOT be discharged in a Chapter 13 or the other way around.
If you have debts resulting from a divorce, if you owe taxes or other governmental debt, or if you intentionally injured a person or damaged someone’s property; filing bankruptcy to relieve you of your debt may not help!
This book guides you through those kinds of debts and those kinds of bankruptcies.
