Which debts cannot be discharged in bankruptcy?
In South Carolina, some common debts that cannot be discharged in bankruptcy are student loans, child support or alimony obligations, most taxes, and any court fees. Furthermore, any malicious or fraudulent actions that led to debt, such as high-risk investments or fraudulent misrepresentation, are also not dischargeable. Student loan debt in South Carolina is not discharged in bankruptcy, and must be paid back in full. However, there are certain circumstances where a person may be able to apply for student loan discharge, such as death or permanent disability. Child support and alimony obligations in South Carolina are not eligible for discharge in bankruptcy. This means that the debtor must still pay these debts even after filing for bankruptcy. Any taxes owed to the government are also non-dischargeable in South Carolina. This includes federal, state, and local taxes. Furthermore, any penalties associated with tax debt or court fees cannot be discharged. Finally, any debt incurred due to malicious or fraudulent actions are not eligible for discharge. This includes high-risk investments, such as gambling, and fraudulent misrepresentation. These actions would need to be repaid in full, even after filing for bankruptcy.
Related FAQs
What are the consequences of filing for bankruptcy?How do I know if I am eligible for a Chapter 11 bankruptcy?
What is the difference between a discharge and a dismissal?
Does filing for bankruptcy stop foreclosure proceedings?
How do I change my name after filing for bankruptcy?
Are there any assets that I will not be able to keep in bankruptcy?
What types of debt can be discharged through bankruptcy?
Is there a limit to the amount of debt I can have when filing for bankruptcy?
What are the differences between filing for Chapter 7 and Chapter 13 bankruptcy?
Are there any exceptions to the automatic stay issued when filing for bankruptcy?
Related Blog Posts
What is Bankruptcy Law? - July 31, 2023What Are the Most Popular Types of Bankruptcy? - August 7, 2023
How to Choose the Right Bankruptcy Attorney for Your Case - August 14, 2023
Understand the Consequences of Not Filing for Bankruptcy - August 21, 2023
How to Avoid Bankruptcy With Financial Self-Management - August 28, 2023