Answers.com > Wiki Answers > Categories > Business & Finance > Personal Finance > Debt and Bankruptcy > What debts cannot be discharged in a bankruptcy?

What debts cannot be discharged in a bankruptcy?

In: Debt and Bankruptcy, Bankruptcy Law [Edit categories]

Answer:

Generally, child support, fines and penalties, govt insured student loans....amybe a few more.

First answer by IamLostRU. Last edit by IamLostRU. Contributor trust: 1567 [recommend contributor ]. Question popularity: 2 [recommend question].

[report abuse]

Can you answer these Debt and Bankruptcy questions?

	What companies have filed bankruptcy in Michigan?	Answer it!
	Can you lose your house if you file for a chapter 7?	Answer it!
	How soon after a car purchase can you file bankruptcy?	Answer it!
	Can you open up new credit after the chapter 7 has been discharged?	Answer it!
	How do you release lien amount?	Answer it!

What debt cannot be discharged by bankruptcy?
All unsecured Debt may be discharged in chapter 7,(credit cards, personal loans, and others) secured debts (such as car loans and mortgage), and other assets will be taken by the estate, and will be...
What are the debts that can be discharged in a bankruptcy?
Basically, most UNsecured types of debts (there are some exceptions I believe, primarilary Student Loans), may be relieved. Compensatingly, most above the basic need assets can be seized and sold to...
What creditors can and cannot be discharged with bankruptcy?
Exemptions under Federal law, which may cahnge a littel in State applications by the Federal BK Court you file in: Personal and Real Property:(1) Household: Up to $425.00 per item not to exceed a...
If you cannot pay your reaffirmed debts can your discharged bankruptcy be reopened to add?
More than likely the issue would be, how much time has elapsed. Reaffirmed debts are usually secured debts, and adding them to the BK wouldn't help much. Unless you are trying to "rescue" your equity...
Can you get mortgage debt discharged thru bankruptcy?
Yes, if you surrender the mortgaged property to the lender, or if it is a second mortgage or home equity loan and there is no equity for those to attach to (you must file a Chapter 13).In some cases...