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

No, filing for bankruptcy will not eliminate debts such as child support and alimony. According to North Carolina Bankruptcy Law, these are not considered dischargeable debts, meaning they are not eligible for discharge when filing for bankruptcy. This means the person filing for bankruptcy must still pay these debts in full. Child support and alimony obligations are legally binding agreements between two or more individuals. As such, they are not affected by the filing of a bankruptcy petition. While a bankruptcy can help alleviate the financial burden of other outstanding debts, it will not absolve a person of their child support or alimony obligations. This would have to be addressed through a separate agreement between the parties involved. In some cases, a person can file for Chapter 13 bankruptcy, which allows for the restructuring of some debts. This could potentially lead to a lower payment of child support or alimony, but the amount of the debt would remain unchanged. Again, this must be negotiated between the parties involved in the agreement. In summary, filing for bankruptcy in North Carolina does not eliminate debt, such as child support or alimony. The bankruptcy will not absolve a person of their legal obligations, and these debts must still be paid in full. If the parties involved are willing to negotiate, the filing of a Chapter 13 bankruptcy may help in restructuring these debts, leading to a lower payment amount.

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

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