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Will Bankruptcy Wipe Out All My Debts?

Will Bankruptcy Wipe Out All My Debts?

Yes, with some exceptions. Bankruptcy will not normally wipe out:

money owed for child support or alimony
most fines and penalties owed to government agencies
most taxes and debts incurred to pay taxes which can not be discharged
student loans unless you can prove to the court that repaying them will be an “undue hardship”
debts not listed on your bankruptcy petition
loans you got by knowingly giving false information to a creditor, who reasonably relied on it in making you the loan
debts resulting from “willful and malicious” harm
debts incurred by driving while intoxicated
mortgages and other liens which are not paid in the bankruptcy case (but bankruptcy will wipe out your obligation to pay any additional money if the property is sold by the creditor).

Feller Law Office at 800-457-9680 can help you plan your Nebraska bankruptcy for debt mediation for exceptions to bankruptcy debt clearance.

Easy download for get-started forms for beginning clients of Feller Law Office