When people get into serious trouble with their finances and the debt piles up, many will eventually turn to a bankruptcy filing. This is a huge step in anyone's life,, and it can lead to many of their debts being discharged (through Chapter 7) or reorganized into a much more manageable repayment plan (Chapter 13). However, in either case, there are certain debts that people carry that can't be discharged through the bankruptcy process.
These non-dischargeable debts can cause problems for many people that are going through bankruptcy, and it is important to take note of any debts that fall into these categories if you are considering a Chapter 7 bankruptcy specifically -- but even a Chapter 13 filing too:
- Student loan debt
- Numerous debts from family law decisions, such as child support payments and spousal support payments
- Judgments from any personal injury lawsuits
- Certain tax debts, government fines, and other penalties
- Secured debts if you want to keep the property (in other words, if you want to keep a car or home)
If your situation involves any of these forms of debt, then you should consult with an experienced bankruptcy and debt relief attorney. The lawyers at McBride Law Firm will work with you to address your debts and help you avoid creditor harassment. When non-dischargeable debts are involved, there are still options that you will have to move on with your life. Don't let an immense amount of debt, even if it involves non-dischargeable forms of debt, to defeat you.