Some debt stays with you no matter what…

The list below sets out the most common types of debt which are not dischargeable under a Chapter 7 bankruptcy filing, with each type requiring a thorough examination in light of your particular financial circumstances.  The information provided here is to be viewed as a general overview which may change depending on your specific financial situation.  Non-dischargeable debt under a Chapter 7 bankruptcy filing includes those:

  • obtained by false pretenses, fraud, or false financial statement if the creditor files a complaint in the case (included are obligations related to luxury goods or services as well as those for cash advances made within 60 days before the case is filed);
  • not listed on the debtor’s Chapter 7 Petition;
  • for fraud, embezzlement, or larceny, if the creditor files a complaint in the case;
  • for alimony, maintenance, or support and, if the creditor files a complaint in the case, certain other divorce-related liabilities including property settlements;
  • for intentional or malicious injury to the person or property of another;
  • for certain fines or penalties;
  • for student loans and educational benefits, unless the court finds that not discharging would impose an undue hardship on the principal and his/her dependents; and
  • for personal injury or death caused by the debtor’s operation of a motor vehicle while intoxicated.

Call the Ohio Estate Attorney, David J. Smith, today for a free consultation at (937) 318-1529 to examine how filing for bankruptcy can help eliminate your burdensome financial obligations.  You don’t have to struggle with debt and stress any longer.  Get your fresh start for a new tomorrow!

David SmithFor over 10 years I have been helping individuals and families through some of life’s toughest times. If you or your family have questions about Planning for your future, Providing for your family when you are gone, or Protecting yourself and loved ones from creditors contact me today at (937) 318-1529 or via this form