W. Travis Garrison Bankruptcy Law Blog on Lawyers.com

Can all debts be discharged when filing bankruptcy?

Wednesday, December 23, 2009 by W. Travis Garrison

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Bankruptcy Attorneys in Ohio

Can all Debts be Discharged when Filing Bankruptcy?

Not all debts can be discharged when filing bankruptcy.  Cupps & Garrison, Columbus bankruptcy lawyers, explain what can not be discharged when filing bankruptcy in Columbus.

Most unsecured debts are discharged through bankruptcy, but there are some exceptions.  For example, debts owed to a spouse, former spouse, or child for alimony or support in connection with a separation agreement or divorce decree cannot be discharged. 

Nor can a debt for money or property that the debtor obtained by fraud or through false representation.  Debts that results from death or personal injury caused by the debtor while operating a motor vehicle while intoxicated are also excepted from discharge. 

Certain debts for cash advances taken or luxury items purchased shortly before filing a petition cannot be discharged under the Bankruptcy Code.  Most student loans are also nondischargeable, except in extraordinary circumstances.

This is only a partial list of debts that are not discharged.  Individuals considering bankruptcy should be aware of which of their debts will be discharged and which will remain after bankruptcy. 

Please read more information on Chapter 7 bankruptcy in Ohio, Chapter 11 bankruptcy in Ohio. 

That’s why it’s important to contact experienced bankruptcy law firms in Ohio for a personal consultation about your specific circumstances.

Cupps & Garrison, LLC
35 East Gay Street, Suite 402
Columbus, OH 43215
Phone: 614-441-8603

 
Posted at 17:21 PM
Topic: Bankruptcy
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