WHAT DEBTS ARE DISCHARGEABLE IN A BANKRUPTCY?
During the bankruptcy process, only unsecured debts can be discharged. Certain tax debts may be discharged if they meet certain criteria. Debts that are generally dischargeable include:
Unpaid Rent or Utilities
Pay Day Loans
IRS/NYS taxes if they have been assessed more than 3 years ago
Debts that generally cannot be discharged during bankruptcy are referred to as “non-dischargeable debt,” and include:
Child Support Alimony/Spousal Support
Debt to the government
Debt for crimes committed
Damages to personal injury or wrongful death victims
Parking Tickets or Toll way Fines
I am, Russell Simonetta, Central New York’s Premier Bankruptcy Lawyer!