Which debts cannot be discharged in bankruptcy?

In Oklahoma, certain debts cannot be discharged in bankruptcy, meaning they cannot be wiped away and must still be paid. These include most taxes, student loans, alimony or child support, money owed for a personal injury caused by drunk driving, and money owed for a criminal conviction. In addition, any debt that is incurred due to fraud, or is a result of willful and malicious injury, may not be discharged. Bankruptcy is a powerful tool for getting out of debt, but it cannot be used to completely erase financial responsibility. It is only possible to discharge certain unsecured debts, which are those that are not backed by an asset or collateral. These include credit cards, medical bills, bills from certain collection agencies, some internal revenue service and state tax debts, and certain utility bills. It is important for people in Oklahoma to understand that some debts cannot be discharged in bankruptcy, and these must be paid in full. Before filing for bankruptcy, individuals should research the type of debt they owe and learn about the limitations placed on which debts can be discharged. This can help people make informed decisions about filing for bankruptcy and plan accordingly to make sure they are able to satisfy all of their financial obligations.

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Which debts cannot be discharged in bankruptcy?

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