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Non-Dischargeable Debts in Bankruptcy and How to Manage Them

For the most part, bankruptcy provides you with a fresh financial start after you have become overwhelmed with debt. However, it will not necessarily wipe out all of your debts, so even after you have filed for bankruptcy protection, you may still have some issues with paying your creditors.

Nondischargeable debts under Chapter 7 bankruptcy include:

  • Taxes and tax liens
  • Student loans
  • Any domestic support obligations such as child support and alimony
  • Debts obtained through fraud or other illegal activity
  • Debts for malicious and willful injury
  • Unscheduled debts
  • Debts for penalties or fines owed to government entities
  • Debts for judgments handed down in personal injury or wrongful death lawsuits resulting from accidents you caused while intoxicated

Nondischargeable debts under Chapter 13 bankruptcy include:

  • Child support and alimony
  • Student loans
  • Restitution and fines
  • Debts incurred in fraud or other illegal activity
  • Debts for willful and malicious injury
  • Judgments in personal injury or wrongful death cases involving your intoxication
  • Debts you incurred after filing which weren’t included in your plan for Chapter 13 bankruptcy
  • Unscheduled debts
  • Certain types of taxes
  • Interest owed on any of your nondischargeable debts

So what do you do when you file for bankruptcy and still have several nondischargeable debts to worry about? Your best option is to arrange a payment plan with your creditors to give you some extra time to pay off the debts. You should also be sure to prioritize your debts, paying off those with larger interest rates earlier so that you can avoid having to pay significantly more money later.

For sound legal counsel as you put together a bankruptcy plan, consult an experienced Atlanta attorney with DebtStoppers. To get started today, call 678-673-2142 or contact us online.