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Bankruptcy Terms to Know: Non-Dischargeable

Some debts can be discharged, meaning they can be eliminated in bankruptcy. These kinds of debts include medical bills, credit card debts, and even some tax debts. Often, these are the bills that cause people the most trouble when they are trying to pay on all of their debts. There are, however, some debts that are non-dischargeable in a bankruptcy case.

While the kinds of debts that can and can’t be discharged vary between Chapter 7 Missouri and Illinois and Chapter 13 Missouri and Illinois, there are some stead fast rules for debts that cannot be eliminated. Debts that are non-dischargeable in a Chapter 7 in Missouri and Illinois include recent taxes, family support, alimony, student loans, and criminal fines, among others. Chapter 13 in Missouri and Illinois has a shorter list. It only includes family support, restitution, student loans, and drunk driving judgments.

If you are asking yourself, “Should I file bankruptcy?” solely based on the list of non-dischargeable debts, you may want to think again. The list of debts that can be discharged is long and, as any St. Louis Missouri or Fairview Heights Illinois bankruptcy attorney will tell you, will no doubt free up enough of your income to get a handle on the rest of your bills. Plus, each Chapter 7 or Chapter 13 bankruptcy filing in Missouri and Illinois is unique—the amount of your debts that can and cannot be discharged will vary from person to person. It is best to consult an experienced Missouri or Illinois bankruptcy lawyer from a reputable St. Louis law firm to find out exactly how bankruptcy can help you.

Still not sure that bankruptcy is right for you? Request my ultimate Missouri and Illinois bankruptcy book for FREE by clicking here. It could just be the information you need to get protection from foreclosure, credit card debt help, and the relief you need to live a life you love.

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