When a person amasses a certain amount of debt and cannot pay it off, they can look to bankruptcy for a fresh start. When filing bankruptcy, the goal is to discharge debt. There are many types of debt that can be discharged or eliminated in a bankruptcy case. However, it is important to know that there are various debts that cannot be discharged, regardless of the case. If you are looking to file for bankruptcy, our experienced New York bankruptcy attorney can guide you through the process and help you create a plan to pay off your non-dischargeable debts.
What Debts Can be Discharged?
There are many debts that can be discharged in bankruptcy. These are known as unsecured debts. Some of the most common unsecured debts in bankruptcy cases are:
- Medical bills
- Personal loans
- Credit card debts
- Certain obligations you failed to meet under a lease or different contract
What Debts Cannot be Discharged?
Unfortunately, not all debts can be discharged in a bankruptcy case. Under most circumstances, the following debts are not dischargeable:
- Any debt that you excluded from your bankruptcy petition
- Most tax debt or liens
- Child support payments
- Alimony payments
- Fines that you owe certain government agencies
- Student loans, in most cases
- Personal injury debts you incurred from causing a drunk driving accident
- Any fees you owe your attorney relating to child custody or support
- Criminal restitution for crimes you committed
- Money that you owe someone in a personal injury case wherein the accident was your fault
If you have any additional questions about the process of a bankruptcy case in New York, do not hesitate to contact our knowledgeable bankruptcy attorney today for assistance.
Contact our Firm
Zimmet Law Group, P.C. is an experienced team of attorneys guiding clients through matters of estate planning and administration, divorce and family law, real estate, commercial litigation, business law, bankruptcy, and landlord-tenant law. If you require the services of an effective New York City attorney, contact our firm today to schedule a consultation.
