Not all debt is eligible to be discharged in a Utah Chapter 7 Bankruptcy or a Utah Chapter 13 Bankruptcy. Depending upon your particular situation, there are several non-dischargeable debts which must be understood and confronted if you are considering filing for bankruptcy:
- Taxes (depending on type and if you filed timely)
- Child Support
- Student Loans
- Criminal Fines, Restitution, and Penalties
To learn more about what debts are eligible to be discharged and which you may have to keep, contact a West Jordan bankruptcy attorney at Law Offices of Ryan E. Simpson, P.C. to schedule a free consultation. We will discuss your particular debts and financial situation with you in order to help you fully understand your options and all the positive and negative consequences of filing for bankruptcy. We represent clients throughout all of Davis, Salt Lake, Utah, and Tooele County.
Whether it is specific taxes, child support, alimony or student loans, these most likely cannot be discharged by filing for bankruptcy. However, if you are facing overwhelming credit card debt, personal loans or are facing foreclosure, filing for bankruptcy may still be the right option for you. At the very least, it can relieve all of your other debt so you can actually afford to pay these other non-dischargeable debts.
Contact one of our experienced attorneys to learn more about non-dischargeable debt. Call us Today at (801) 432-8682 for a free consultation.