Are there any debts that cannot be discharged in bankruptcy?

Yes, some debts cannot be discharged in bankruptcy in South Carolina. These include certain types of tax debts, student loans, court-ordered alimony or child support, most fines and penalties, and debts for intentional injury or death caused by driving while intoxicated. Bankruptcy also does not discharge debt for fraud or embezzlement, or for certain types of property settlements. In addition, debt incurred for luxury items within the 90 days prior to filing for bankruptcy may not be dischargeable, as well as cash advances taken out within 70 days of filing for bankruptcy. Similarly, certain debts incurred for fraud may not be dischargeable, such as spending more than $600 on luxury items or services within the 90 days prior to filing bankruptcy. Finally, debts arising from the use of proceeds from a prior bankruptcy discharge are non-dischargeable. This means that if the debtor used the money from the prior discharge to pay off creditors, the creditors can still seek payment from the debtor after filing for bankruptcy. In summary, there are several types of debts that may not be discharged in bankruptcy, including certain types of taxes, student loans, court-ordered alimony or child support, most fines and penalties, debts for intentional injury or death due to drinking and driving, fraud or embezzlement, luxury items purchased close to the filing date, cash advances taken close to the filing date, and debts arising from the use of proceeds from a prior bankruptcy discharge.

Related FAQs

What is the difference between discharging and writing off a debt?
How do I obtain a copy of my credit report after filing for bankruptcy?
What are the consequences of not filing for bankruptcy?
Are there restrictions on my ability to travel while filing for bankruptcy?
How long does it take to file for bankruptcy?
What are the differences between filing for Chapter 7 and Chapter 13 bankruptcy?
What will happen to my creditors if I file for bankruptcy?
What are the requirements for filing for bankruptcy under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005?
How does the bankruptcy court decide which creditors will get paid?
What debts are dischargeable in bankruptcy?

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