What debts are dischargeable in bankruptcy?

In Oklahoma, most debts are dischargeable in bankruptcy. These debts include most types of unsecured debts like credit card debt, medical bills, unpaid utility bills, and personal loans. Certain types of secured debts, such as car loans or a mortgage on a home, are also dischargeable if the debtor is willing to surrender the collateral. Debts that are not dischargeable in bankruptcy include child support payments, alimony payments, most taxes, student loans, and debts resulting from a criminal activity. Additionally, any debt incurred to pay certain types of taxes is not dischargeable. Lastly, fines or penalties imposed by a governmental agency, including property taxes, are not dischargeable. It is important to note that while some debts may be discharged in bankruptcy, there are certain creditors, like the IRS, that may still pursue collecting the debt. Additionally, some types of debts, such as student loans, cannot be discharged in bankruptcy. If you are considering filing for bankruptcy in Oklahoma, it is important to speak with a qualified attorney. They can evaluate your financial situation and help you determine which debts are eligible to be discharged in bankruptcy.

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What debts are dischargeable in bankruptcy?

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