Non-Dischargeable Debts |
| Except in rare cases, certain types of debts will not be discharged even though they may be listed on your bankruptcy petition. These debts will have to be paid despite the fact that the debtor has filed for bankruptcy. They include:
• Taxes and tax penalties incurred in the last three years. • A debt obtained by fraud, false pretenses, a false representation or a false written statement regarding the debtor's financial condition. • Debts for luxury purchases of more than $500 within 90 days before the petition is filed, or cash advances of more than $750 within 70 days before the petition is filed. • A debt not listed in the petition, unless the creditor received actual notice that the debtor filed for bankruptcy. • Alimony, separate maintenance and child support due to a child or former spouse of the debtor ("domestic support obligations"). • Fines and penalties to a government agency, including parking tickets and moving violations. • Student loans and grants made, guaranteed or insured by a government agency or a private lender.
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The Discharge
Part 2 of 2