Are there any debts that cannot be discharged in bankruptcy?

Yes, there are certain debts that cannot be discharged in bankruptcy in Delaware. These include student loans, most taxes, and child support and spousal support. In addition, any debts that the court finds to be due to fraud or misrepresentation and any debts used to purchase luxury items within a certain time period prior to filing bankruptcy also cannot be discharged. Debts for personal injury caused by the debtor’s operation of a motor vehicle while intoxicated, and debts not listed on a debtor’s bankruptcy petition are also non-dischargeable. Unfortunately, if any of these debts are not paid in bankruptcy, the creditor can still try to collect on them. Another non-dischargeable debt is debt associated with a divorce or separation. In a divorce, any debt or asset acquired through a settlement, decree, or agreement is non-dischargeable. This means that if a debtor received money or property as part of a divorce, they are responsible for paying that debt even after they file for bankruptcy. By understanding which debts are not dischargeable, debtors can avoid unnecessary complications during the filing process. If you are considering filing for bankruptcy in Delaware, be sure to consult with an attorney to determine which debts can and cannot be discharged.

Related FAQs

What will happen to my co-signers if I file for bankruptcy?
What do I do with any unexpired leases or contracts when filing for bankruptcy?
Are there additional filing fees associated with filing for bankruptcy?
How do I change my name after filing for bankruptcy?
Are there any limits to my spending during the bankruptcy process?
How do I know if I qualify for a repayment plan?
What is a reaffirmation agreement?
What is the difference between discharging and writing off a debt?
How can I protect co-signers from being affected by my bankruptcy?
How can I find a qualified bankruptcy attorney?

Related Blog Posts

What is Bankruptcy Law? - July 31, 2023
What 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