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What debts are not affected by bankruptcy?

No Bankruptcy Discharge

 

 

 

 

 

Bankruptcy doesn’t discharge all debts. Secured creditors retain their lien so if you want to keep the collateral that secures the debt, you will need to continue to make payments in most instances.

In most instances you will still be responsible for

  • Alimony
  • Child Support
  • Recent back taxes
  • Student Loans both private and government guaranteed
  • Recent large purchases
  • Fines or penalties owed to governmental agencies
  • Fraudulent debts

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Posted November 2014