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

When filing for bankruptcy in South Carolina, many people are unsure of what debts will be eliminated. The answer is that filing for bankruptcy typically does not eliminate debts such as child support and alimony. These are considered priority debts that must be paid before other creditors have access to any assets in the bankruptcy estate. This means that paying back child support and alimony will be given precedence over other creditors in the bankruptcy process. For people facing bankruptcy in South Carolina, it is important to be aware that filing for bankruptcy does not eliminate all debts. Child support and spousal support must still be paid in full, regardless of bankruptcy. If a debtor fails to pay these obligations, their assets could be seized and the debtor could have a lien put on their property. In addition, filing bankruptcy in South Carolina does not eliminate tax debt. Tax debt also has priority status and must be paid in full. Bankruptcy may help reduce the interest or penalties associated with the debt, but the amount owed must still be paid in full. It is also important to note that while filing for bankruptcy may discharge other types of unsecured debt, such as medical bills, credit card debt, and personal loans, it does not discharge student loan debt. Filing for bankruptcy can be an effective way for South Carolina residents to manage their debt, but it is important to understand that some types of debt are not eliminated through bankruptcy. Priority debts such as child support, alimony, and tax debt must still be paid in full. Additionally, filing for bankruptcy does not discharge student loan debt.

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

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