A bankruptcy filing may be the solution to relieving yourself from some of your major debts. However, you must understand that this is not the end-all-be-all solution for every last debt you have hanging over your head. Continue reading to learn what is considered a non-dischargeable debt in a bankruptcy filing and how an experienced Orange County consumer bankruptcy lawyer at The Law Offices of Michael A. Pinsky, P.C. can help you in handling this.
What is considered non-dischargeable debt in a bankruptcy filing?
By definition, a non-dischargeable debt is one that the bankruptcy court will not eliminate upon a bankruptcy filing. More specific examples of this type of debt are as follows:
- The mortgage on your real estate property or properties.
- Debt from your alimony order or orders.
- Debt from your child support order or orders.
- Debt from your government-funded student loan or loans.
- Debt from taxes or liens.
- Debt incurred by charges of money or property acquired under false pretenses against you.
- Debt incurred by charges of fraud against you.
- Any fines given by a government agency.
- Any fines from a personal injury case against you.
- Any fines from a drunk driving case against you.
- Any restitution or criminal fine against you.
Notably, this is the opposite of dischargeable debt, which will indeed be released upon a bankruptcy filing. More specific examples of this include medical bills and credit card bills, among other debts.
How do I pay off my remaining debt?
For a Chapter 7 bankruptcy, you should provide the court with any financial documentation that they request of you. This will help ensure that they grant you relief of your dischargeable debt so that you only have to focus on your non-dischargeable debt.
For a Chapter 13, bankruptcy, you should incorporate your non-dischargeable debt into your required repayment plan. For more information on how to pay off your remaining debt, reach out to a skilled Orange County consumer bankruptcy lawyer as soon as you can.
