What debts are not affected by bankruptcy?

Bankruptcy doesn’t discharge all debts. Secured creditors retain their lien so if you want to¬†keep the collateral that secures the debt, you will need to continue to make payments in most¬†instances.

In most instances you will still be responsible for

  • Alimony
  • Child Support
  • Recent back taxes
  • Student Loans both private and government guaranteed
  • Recent large purchases
  • Fines or penalties owed to governmental agencies
  • Fraudulent debts