Knowing the advantages and disadvantages of each bankruptcy option is the best way to plan effective debt relief.

ORLANDO, FL, September 21, 2023 /24-7PressRelease/ — The most common forms of bankruptcy in the United States are Chapter 7 and Chapter 13 bankruptcies.

While bankruptcy laws vary by state, there are certain types of debts that are typically not dischargeable in bankruptcy proceedings.

1. Child support and alimony: Debts related to child support or spousal support obligations cannot be discharged through bankruptcy. These obligations are considered a priority and are generally not subject to elimination.

2. Certain tax debts: While some tax debts may be dischargeable, others are generally not. Income tax debts may be dischargeable if they meet certain criteria, such as being at least three years old and the returns were properly filed. However, other types of tax debts, such as payroll taxes or fraud penalties, are generally not dischargeable.

3. Student loans: In most cases, student loans cannot be discharged through bankruptcy, unless the debtor can demonstrate undue hardship, which is a difficult standard to meet.

4. Debts incurred through fraud or intentional wrongdoing: Debts obtained through fraudulent activities, such as obtaining credit by providing false information, or debts arising from intentional acts like embezzlement or willful injury to another person, are typically not dischargeable.

5. Certain fines, penalties, and restitution orders: Debts owed to government entities, such as fines and penalties for violating the law, are generally not dischargeable. Additionally, restitution orders resulting from criminal convictions are usually not dischargeable.

6. Debts arising from personal injury caused by intoxicated driving: If a debtor caused personal injury or death while operating a vehicle under the influence of drugs or alcohol, the resulting debts are typically not dischargeable.

This list is not exhaustive, and there may be other specific circumstances or types of debts that are not dischargeable, depending on the jurisdiction and applicable laws. It is always recommended to seek professional legal advice to understand the specific rules and regulations that apply to your situation.

“Many responsible, hardworking people can be hit with unexpected medical bills, job loss, or other financial setbacks that will lead to bankruptcy,” says Attorney Lewis Roberts.

About Lewis Roberts Law Firm

I am an Orlando-based attorney who provides solutions for individuals seeking financial well-being and relief from harassing creditors. Having assisted numerous individuals in similar circumstances, I offer expertise in handling various financial issues such as credit card debt, mortgage payments, and challenging student loan repayment terms. Contact the Lewis Roberts Law Firm at (407) 749-0080.

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