Non-Dischargeable Debts Under Chapter 7
If you are facing financial trouble due to excessive debt, it is important to recognize that there are options available to help you get back on your feet and settle with creditors. Bankruptcy is one important option that can help you reorganize your finances and move forward with your life.
To learn more about this process and the potential benefits to you and your family, contact the Boca Raton bankruptcy lawyers of Eric N. Klein & Associates, P.A., at 561-353-2800. Our knowledgeable attorneys can help you determine which form of bankruptcy is right for you.
Types of Non-Dischargeable Debts
Under Chapter 7 bankruptcy, your case trustee is in charge of confiscating any assets that are not exempt and distributing their cash value among your creditors. If you file for relief under this type of bankruptcy, you may get a discharge that would prevent creditors from collecting certain debts that were included in the bankruptcy. Unfortunately, a few types of debts generally cannot be discharged. These include:
- Student loans
- Certain taxes
- Child support
- Spouse allowances
Keep in mind that if you do receive a discharge, you may not be eligible to get another one for 6 years. However, a bankruptcy filing can provide the relief many individuals need to get their finances back on track.
Contact Us
If you or a loved one is considering bankruptcy, call a Boca Raton bankruptcy lawyer from Eric N. Klein & Associates, P.A., at 561-353-2800 for a free consultation. Our experienced attorneys can assess your situation and provide the legal help you need.
