Bankruptcy Filing In Ohio Rule
It is a myth that certain debts such as student loan debt and unpaid taxes can never be discharged in a bankruptcy. Occasionally, they can be. It is important that any consumer who plans to file for bankruptcy stay informed concerning which debts can and cannot be included to avoid filing for bankruptcy unnecessarily.
Debts That Are Non-dischargeable
Certain types of debt are considered non-dischargeable no matter which bankruptcy chapter a debtor files under. These debts are typically debts that are owed to the government or debts that were levied as punishment for a crime.
- Child support
- Alimony
- Recent unpaid taxes
- Debt incurred by fraud
- Student Loans
- Judgments
Under certain circumstances, however, the Bankruptcy Code does allow for some of these debts to be discharged.
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