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What are some types of debt not discharged in bankruptcy?

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kisstopher603 | Valedictorian

Posted May 10, 2012 at 7:32 PM via web

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What are some types of debt not discharged in bankruptcy?

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pohnpei397 | College Teacher | (Level 3) Distinguished Educator

Posted May 10, 2012 at 7:41 PM (Answer #1)

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While bankruptcy is intended to free a debtor of most debts, not all kinds of debt can be discharged through the process of bankruptcy.  Certain kinds of debts are not discharged either due to the nature of the debt or due to the fact that the debt was contracted due to some bad behavior.  Some types of debts that cannot be discharged through bankruptcy proceedings are:

  • Debts for things like spousal support or child support.
  • Debts that are incurred in the shape of fines. 
  • Most kinds of taxes owed.
  • Student loans.
  • Debts that were incurred due to your causing "willful and malicious" injury to others.

 

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