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

Yes, there are several types of debts that survive a bankruptcy discharge. These include student loans, taxes, alimony or child support, certain types of government debt, and criminal fines or restitution. Student loans are loans borrowed from a government or private lender to pay for higher education expenses. These are not typically discharged in a bankruptcy. However, if the borrower can prove that paying back the loan would be an undue hardship, the court may reduce the loan amount or suspend repayment. Taxes are another type of debt that will not be discharged with a bankruptcy. The Internal Revenue Service (IRS) may stop collection efforts on taxes for a limited time after filing for bankruptcy, but taxes must eventually be repaid. Alimony and child support are also considered priority debts and will not be discharged. Failure to repay alimony or child support can result in serious legal penalties. Certain types of government debt, such as fines or penalties for breaking the law, are not dischargeable by bankruptcy. Criminal fines and restitution (money owed to the victim of a crime) must be repaid, and failure to do so can result in criminal charges. These are some of the types of debt that cannot be discharged through bankruptcy in Oklahoma. It is important to speak with an experienced bankruptcy attorney to determine if any other type of debt may survive a bankruptcy discharge.

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

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