Child support and alimony. Certain fines, penalties, and restitution resulting from criminal activities. Certain taxes, including fraudulent income taxes, property taxes that became due within the previous three years, and business taxes. Debts you didn’t list on your bankruptcy petition.

How long does it take to be discharged from bankruptcy?

Receiving your discharge. Assuming that everything goes according to schedule, you can expect to receive your bankruptcy discharge (the court order that wipes out your debts) about 60 days after your 341 meeting of creditors hearing, plus a few days for mailing.

What can’t be discharged in a Chapter 7 bankruptcy?

Perhaps the most common debts that cannot be discharged under any circumstances are child support and alimony. If you file for a Chapter 7 bankruptcy, you will also continue to owe any condominium or cooperation association fees, along with any other debts that were not discharged in a prior bankruptcy.

What are nondischargeable debts that can be discharged in bankruptcy?

Here are some other nondischargeable debts: money owed as a result of wrongful death or personal injury to another caused by operating a car, boat , airplane , or other vehicle under the influence of alcohol or drugs. When you file for bankruptcy, there are several chapters to choose from; your choice should depend on your needs.

Can a credit card debt be discharged in bankruptcy?

When it’s time to wash your hands of burdensome debt, bankruptcy is often a good bet—especially for credit card balances, personal loans, and medical bills. No matter what you do, however, some bills just don’t go away—not even in bankruptcy. They’re called “nondischargeable” debts, and if you have one, you’re likely stuck with it.

Can a tax debt be discharged in bankruptcy?

You cannot discharge income tax debts without a special exemption, which can only be obtained by petitioning the bankruptcy court and explaining why you deserve relief. If you have income tax debts you cannot repay, you may be better off consulting with a tax attorney about making an offer in compromise,…