Bankruptcy Frequently Asked Questions
What is Bankruptcy?
What Can Bankruptcy Do for Me?
What Bankruptcy Cannot Do
What Different Types of Bankruptcy Should I Consider?
Chapter 7 (Liquidation)
What Are the Court Costs to File for Bankruptcy?
What Must I Do Before Filing Bankruptcy?
- Bankruptcy is not necessarily to be avoided at all costs. In many cases, bankruptcy may actually be the best choice for you.
- If you sign up for a debt management plan that you can’t afford, you may end up in bankruptcy anyway (and a copy of the plan must also be filed in your bankruptcy case).
What Property Can I Keep?
What Will Happen To My Home and Car If I File Bankruptcy?
Can I Own Anything After Bankruptcy?
Will Bankruptcy Wipe Out All My Debts?
- Money owed for child support or alimony;
- Most fines and penalties owed to government agencies;
- Most taxes and debts incurred to pay taxes which cannot be discharged;
- Student loans, unless you can prove to the court that repaying them will be an ‘‘undue hardship’’;
- Debts not listed on your bankruptcy petition;•
- Loans you got by knowingly giving false information to a creditor, who reasonably relied on it in making you the loan;
- Debts resulting from ‘‘willful and malicious’’ harm;
- Debts incurred by driving while intoxicated;