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

In Nebraska, filing for bankruptcy does not completely eliminate debts such as child support and alimony. Child support and alimony are considered priority debts, meaning they are given higher priority in bankruptcy court and must be paid off before other debts. This means that any bankruptcy filing, whether it be Chapter 7 or Chapter 13, must still account for child support and alimony payments. While filing for bankruptcy does not eliminate these debts completely, it does provide some potential relief. Chapter 7 bankruptcy is a “liquidation” bankruptcy in which most debts are wiped away, but child support and alimony are still owed in full. Chapter 13 bankruptcy restructures a debtor’s debt, allowing for debt payments to be made in a repayment plan over a 3-5 year period. This can potentially reduce the overall amount owed for child support and alimony. When considering filing for bankruptcy, individuals should consult an experienced bankruptcy attorney. They can help provide guidance on how the process may affect debts such as child support and alimony. If filing for bankruptcy does not provide the relief needed, it may be best to explore other options.

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

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