CREDIT
Debts That Won't Disappear
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When Bankruptcy May Be Your Best Option
Some types of debts are not eliminated when you file for Chapter 7 bankruptcy. The courts call these "non-dischargeable debts." These debts include:
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Debts considered support payments, such as alimony and child support.
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Student loans that have been due for seven years or less.
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Income taxes less than three years past due.
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Condominium and cooperative association dues.
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Court judgments for injuries or death to someone caused by your intoxicated driving.
In addition, the bankruptcy judge has the discretion to disallow other types of debt, such as:
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Debts related to criminal activities, such as fraud, larceny or damage to another person's property.
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Debts arising out of a marital settlement agreement or divorce decree.
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