When you file for bankruptcy, most of your debts will be discharged, which means the debts are wiped out. Debts that can’t be wiped out through a bankruptcy proceeding are called non-dischargeable debts. These include student loans, most federal, state and local taxes, money borrowed on a credit card to pay those taxes. child support, and alimony.
Debts that are otherwise dischargeable can become non-dischargeable if a creditor files an adversary proceeding against a debtor based on the debt being acquired by fraudulent acts,embezzlement, larceny or breach of fiduciary responsibility.
Texas Bankruptcy Non-Dischargeable Debts
The following debts can’t be discharged in either Chapter 7 or Chapter 13 Texas bankruptcies, meaning that the court always considers these debts to be non-dischargeable.
Typical Non-Dischargeable Debts
- Student Loans
- Child Support
- Most Taxes
Other Debts That Could Be Ruled Non-Dischargeable:
- Divorce Decrees
- Malicious Injury to Individuals or Their Property
Even if the majority of your debts are non-dischargeable, bankruptcy provides a helpful way to repay those debts, and keeps the creditor from attempting to collect from you or sue you while you are attempting to pay that debt. Contact a reliable bankruptcy attorney to learn about your options.
Get Proper Legal Assistance from Experienced Bankruptcy Lawyers
Do you need assistance filing for bankruptcy? Whether you’re filing for Chapter 7 or Chapter 13, bankruptcy could mean a fresh start for you. At Acker Warren, P.C. you’ll find superior legal advice for bankruptcy cases. We’ll be more than happy to help you out in your path to financial freedom.