Are there any debts that cannot be discharged in bankruptcy?
Yes, there are certain debts that cannot be discharged in bankruptcy in the state of Virginia. These debts include child support and alimony payments, taxes, student loans, and criminal fines. In addition, any debts that are obtained through fraud, including credit and loans obtained through fraudulent means, are not dischargeable. Child support and alimony payments must be paid in full, regardless of whether or not a person has filed for bankruptcy. These are considered priority debts that must be paid in order for the filer’s discharged debts to be approved. Taxes, which can be in the form of income taxes, property taxes, or sales taxes, must also be paid in full. The federal government does not allow the discharge of taxes, so any tax debt owed to the government cannot be eliminated through bankruptcy. Student loans, which are loans taken out by students to pay for college, are not dischargeable, as the federal government has determined that these loans are taken out in good faith and that it is in the student’s best interest to repay them. Finally, criminal fines imposed by courts or governments cannot be discharged in bankruptcy. These fines must be paid in full as part of any criminal restitution order. In conclusion, bankruptcy can be a great tool to help individuals get back on their feet financially, but there are certain debts that cannot be discharged, such as child support and alimony payments, taxes, student loans, and criminal fines.
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