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Debts That Are Not Dischargeable in Your Bankruptcy (Part 2)

Posted by Chris Peterson | May 22, 2015 | 0 Comments

Debts That Are Not Dischargeable in Your Bankruptcy (Part 2)

Debts That Are Not Dischargeable in Your  Bankruptcy (Part 2)Here are some more debts that cannot be discharged by your Bryan bankruptcy under federal statute:

  • Government or non-profit student loans (so long as the court determines that you can repay the loans without undue hardship on you or your dependents);
  • Debt arising out of a judgment against you for the death or personal injury of another as a result of operating a motor vehicle or aircraft while intoxicated;
  • Debt that you owe from a previous bankruptcy proceeding in instances where you either waived discharge or were denied discharge;
  • Debt arising out of: (a) a judgment or consent decree from the Federal Deposit Insurance Corporation (FDIC); (b) a settlement of a fraud action in which a bank or credit union was involved;
  • Debt from payments or fines under the Mandatory Victims Restitution Act of 1996;
  • Debt incurred so you can pay a non-dischargeable tax to a government unit (other than the United States);
  • Fines or penalties issued under federal election law;
  • Any fees you owe to a membership association to pay your interest in a residence for the period that you own the unit after the issuance of the Order for Relief;
  • If you're a prisoner, any filing fees you owe for filing a complaint, motion, or appeal;
  • Debt you owe for a pension or profit-sharing plan pursuant to certain sections of the Internal Revenue Code;
  • Debt arising out of any violations you committed of the Federal Securities laws; and
  • Debt you owe to a creditor if the bankruptcy court, after a hearing, determines that debt to be non-dischargeable.

If you're overwhelmed by the crushing burden of debt, bankruptcy may be an option for you. Our Bryan bankruptcy lawyers from the Peterson Law Group can provide the legal advice and help you need. Call 979-703-7014 today to schedule an initial consultation.

About the Author

Chris Peterson

Chris Peterson is the owner of Peterson Law Group. He practices primarily in the areas of wills, trusts and estate planning; probate and trust administration; elder law; and business law. Chris is also the owner of Brazos 1031 Exchange Company.


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