- Taxes.
- Spousal and Child Support.
- Debts arising out of willful or malicious misconduct.
- liability from driving while intoxicated.
- debts from a prior bankruptcy.
- Student loans.
- Criminal fines and penalties.
Those debts which are secured will be discharged, however, expect the creditor to take the necessary legal steps to take
back the property. In most cases if the debtor's equity interest in the property is exempt, the debtor may retain the property by
redemption or reaffirmation.
Disclaimer:
This information deals with Chapter 7 consumer bankruptcy. Each state has its own bankruptcy laws, so you need to check with
your state for details. Information dealing with Chapter 13 bankruptcy and consumer debt restructuring is not discussed in
the above FAQs. The information contained in the following FAQs is provided for general information purposes only and is not
intended to be a legal opinion nor legal advice nor is it intended to be a complete discussion of all the issues related
to the area of Chapter 7 consumer bankruptcy. Every individual's factual situation is different and you should seek independent
legal advice regarding specific information.
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