Yes, after you complete your bankruptcy case there will be the “discharge” of most of your debts. This means that you no longer have a legal obligation to pay them. However, there are certain debts that will remain, and not be discharged by your bankruptcy.
The following are some of the debts that will NOT be discharged as a result of your bankruptcy case.
- Domestic support obligations;
- Taxes;
- Student loans;
- Criminal and quasi criminal fines, penalties and restitution;
- Claims for injuries caused while driving drunk;
- Money obtained under false pretenses or by fraud.
For a further explanation of the above debts that will not be discharged through bankruptcy, see my full article here.
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