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

In Mississippi, there are several types of debt that are not dischargeable in bankruptcy. These generally include student loans, some taxes, alimony and child support payments, and debt that was incurred due to fraud. In addition, any debt that is secured by collateral, such as a house, car, or other property, can not be eliminated in bankruptcy. Other types of debt that typically survive bankruptcy include debts that were incurred due to driving under the influence or drug related offense, fines or penalties due to criminal activity, and liens placed on property for failure to pay taxes. If you are considering filing for bankruptcy in Mississippi, it is important to understand which debts will and will not be discharged. Many people mistakenly believe that all debt is discharged, but this is not always the case. Be sure to speak to a qualified bankruptcy attorney to discuss your specific financial situation and to help you understand how bankruptcy will affect your debts.

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