Are there any types of debt that will survive a bankruptcy discharge?

In Delaware, certain types of debt are considered “non-dischargeable”, meaning they are not erased in bankruptcy. This includes most taxes, child support, alimony, student loan debt, and court fines and penalties. In addition, some other kinds of debt may not be erased if a creditor files an objection in court. Generally, debts that are wiped away in a bankruptcy are unsecured, meaning they are not backed by collateral like a car or a house. Credit card debt, medical bills, certain personal loans, and other debts are usually dischargeable. But keep in mind that there are some exceptions, such as debt incurred through fraud or misrepresentation. Overall, it is important to know that some debt will survive a bankruptcy discharge. This means that even if you are able to erase some debt, the debt that is “non-dischargeable” will still be owed. Therefore, it is important to speak with a bankruptcy attorney to better understand what debt you will still be responsible for after filing for bankruptcy in Delaware.

Related FAQs

Will bankruptcy discharge the entire amount of debt owed?
Are there any sites where I can get reliable information about bankruptcy law?
What is the difference between a voluntary and involuntary bankruptcy filing?
Are there restrictions on my ability to travel while filing for bankruptcy?
What is the difference between discharging and writing off a debt?
Are there any special provisions for filing for bankruptcy as a business?
What is considered a non-dischargeable debt?
What are the consequences of filing for bankruptcy?
Can I get a loan after filing for bankruptcy?
What is creditor reaffirmation?

Related Blog Posts

What is Bankruptcy Law? - July 31, 2023
What 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