What debts are dischargeable in bankruptcy?
In Hawaii, most debts are dischargeable in bankruptcy. Generally, most unsecured debts such as credit cards, medical bills, and personal loans can be discharged through bankruptcy. Other types of debts, such as child support or alimony, are not dischargeable. Additionally, taxes and student loan debts can usually be discharged as well, but the requirements are stricter. Certain debts are not dischargeable in any state, because they are considered too important to eliminate completely. These debts are usually referred to as “non-dischargeable debts”. Examples include restitution payments to victims of a crime, debts incurred through fraud, and debts from personal injury damages caused by the debtor’s negligence or intentional act. It is important to understand which debts are dischargeable and which are not, as bankruptcy can have a significant impact on your financial situation. It is also important to understand that not all debts can be discharged through bankruptcy, and that some types of debts, such as child support, cannot be discharged. The best way to get an accurate understanding of the bankruptcy laws in Hawaii is to speak to an experienced bankruptcy attorney.
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