What Debts Need to Be Paid after Bankruptcy?
A person filing for bankruptcy may receive special help from the courts to discharge debts. In Chapter 7 bankruptcy, debts are regularly discharged in exchange for the sale of some property. In Chapter 13 bankruptcy, debts can be discharged when a repayment plan is completed. However, some of these debts may not be discharged at all. These debts must be paid out after a person completes bankruptcy.
If you have been pushed into dangerous financial territory because of your debts, it may be time to consider bankruptcy. For more information regarding your options as a person in need of relief, contact Cincinnati bankruptcy lawyer Ryan J. Ruehle Attorney at Law, LLC, by calling 513-777-0880 today.
Non-dischargeable Debts in Bankruptcy
Bankruptcy can provide strong solutions for debtors in need of help dealing with their debts. However, there are some limits to the assistance bankruptcy can provide. These exceptions to normal discharge orders include the following:
- Debts tied to criminal fees, including traffic tickets and violations
- Debts caused by personal injury settlements from drunk driving incidents
- Debts a person failed to add to their original bankruptcy files
- Certain student loans and taxes
These debts must be paid out in full even after a person’s bankruptcy proceedings are over. Given the circumstances of a bankruptcy, a person may be able to negotiate easier payment expectations, though.
Contact Us
Bankruptcy can prove extremely useful for a debtor caught in an otherwise difficult time. To learn more about how these legal actions may be able to help you get free of your debt and move on with your life, contact Cincinnati bankruptcy attorney Ryan J. Ruehle Attorney at Law, LLC, at 513-777-0880 today.
