Does filing for bankruptcy eliminate debts such as child support and alimony?

Filing for bankruptcy does not eliminate some debts such as child support and alimony. In Indiana, debts for child support and alimony are non-dischargeable, which means they cannot be eliminated or forgiven in bankruptcy. This means that even if you file for bankruptcy, you are still liable for the payment of these debts. If you do not pay off these debts, the person you owe money to can still take you to court to collect. However, filing for bankruptcy can help by giving you more time to pay off these debts due to the automatic stay that is put into place when you file. This automatic stay prevents creditors from attempting to collect on any debts you owe them until your bankruptcy case is resolved. This allows you more time to make payments without having to worry about your creditors harassing you for payments. So while filing for bankruptcy cannot eliminate your debts for child support and alimony, it can provide more time to pay off these debts without fear of creditors trying to collect from you.

Related FAQs

How will filing for bankruptcy affect my credit score?
Can I still obtain a loan after filing for bankruptcy?
How do I know if I am eligible for Chapter 7 or Chapter 13 bankruptcy?
What is the difference between a discharge and a dismissal?
How often can I receive a bankruptcy discharge?
Can I keep certain types of property when filing for bankruptcy?
What are some of the potential pitfalls to filing for bankruptcy?
Can I file for bankruptcy if I'm unemployed?
How long will a bankruptcy stay on my credit report?
How does the bankruptcy court decide which creditors will get paid?

Does filing for bankruptcy eliminate debts such as child support and alimony?

Related FAQs

Related Blog Posts