Does filing for bankruptcy eliminate debts such as child support and alimony?
Filing for bankruptcy may help with some debts, but not with others. In California, filing for bankruptcy can help relieve some of the financial burden of consumer debts like credit card debt, medical bills, and other similar debts. However, it does not eliminate certain types of debts, such as child support and alimony. This is because these payments are determined by the court to ensure that children and former spouses are provided for financially. The courts view child support and alimony as having priority over other debts, and thus, a bankruptcy filing does not eliminate these payments. In addition, some debts may not be discharged even if they are consumer debts. For example, student loans are not normally dischargeable through bankruptcy. Tax debt, some types of government fines or penalties, and debts from personal injury judgments may also not be dischargeable. So, even if you file for bankruptcy, it is important to note that child support, alimony, and certain other debts are not eliminated by filing. Therefore, it is important to discuss your financial situation with an experienced bankruptcy attorney to determine which debts may be dischargeable, and which may not.
Related FAQs
What is the difference between secured and unsecured creditors?What do I do with any unexpired leases or contracts when filing for bankruptcy?
What kind of debt relief is available to married couples filing for bankruptcy?
How do I know if I am eligible for a Chapter 11 bankruptcy?
Are there any sites where I can get reliable information about bankruptcy law?
How much does it cost to file for bankruptcy?
What debts can I discharge in bankruptcy?
Can I keep my home when filing for bankruptcy?
Can I keep my car when filing for bankruptcy?
Are there any assets that I will be required to sell 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