• Our Guarantee to Our Clients

    We promise to represent your best interests and keep you fully informed.

    Read Our Guarantee
  • Bankruptcy eBook

    Get a FREE eBook to become more familiar with the bankruptcy process.

    Download It Here
  • Our Video Center

    Click here to access a list of our firm's videos.

    Get More Information
  • When You're Ready To Talk

    We're ready to listen. Contact us to receive a free initial consultation.

    Request a Consultation

In Bankruptcy: Some Debts Are Non-Dischargeable

Large debts can be incredibly frustrating, which is why many people consider filing for bankruptcy. While it is true that bankruptcy can offer significant relief from high financial obligations, not all debts can be eliminated, which is why it is important to talk to an experienced attorney before pursuing this option.

Here are some examples of non-dischargeable debt:

Spousal and Child Support

Neither alimony nor child support is dischargeable in bankruptcy. If you are having difficulty making payments due to a change in your circumstances, you may be able to petition the family law court for a modification of your original agreement.

Judgments Involving DUI

If you were successfully sued for damages following an accident in which you were driving while intoxicated, the judgment is considered non-dischargeable.

Debt Obtained Through Fraud

Debt obtained fraudulently may be nondischargeable. For example, if a credit card company can prove you lied about your income when you applied for your card, the court may agree that your debt is non-dischargeable.

Taxes

Most taxes are non-dischargeable, though there are limited cases in which older income tax balances can be eliminated. There are strict qualifications for an income tax discharge, though, such as the requirement that the income tax return for a particular year's worth of debt must have been filed on time.

Student Loans

In most cases, you won't be able to discharge private or government student loan debt. There are exceptions, however, particularly if you can show the court that it is unlikely that you'll ever pay off the debt and that continuing to make payments presents a severe hardship for you and your family.

Bankruptcy May Still Be Worth It

Even if some of your debts are nondischargeable, you may still benefit from filing for Chapter 7 or Chapter 13 bankruptcy. Both options provide you with the automatic stay against creditor harassment, and in discharging some debts, you may be able to free up extra cash to pay down what you still owe. If you file for Chapter 13, your non-dischargeable debts will be incorporated into your payment plan, which may also make your finances more manageable. Contact our office today to set up a consultation.

Categories: Bankruptcy
  • Our Guarantee to Our Clients

    We promise to represent your best interests and keep you fully informed.

    Read Our Guarantee
  • Bankruptcy eBook

    Get a FREE eBook to become more familiar with the bankruptcy process.

    Download It Here
  • Our Video Center

    Click here to access a list of our firm's videos.

    Get More Information
  • When You're Ready To Talk

    We're ready to listen. Contact us to receive a free initial consultation.

    Request a Consultation

When You're

Ready to talk

Our firm is ready to listen. Call for a FREE case consultation.

Call Toll-Free 888.910.6652

"The Law Offices of James C. Shields is located in Torrance and proudly serves clients all throughout the South Bay including:

  • Long Beach
  • Carson
  • Irvine
  • Los Angeles
  • Palos Verdes Estates
  • Huntington Beach
  • Hermosa Beach
  • Redondo Beach
  • Manhattan Beach
  • Newport Beach
  • Costa Mesa
  • El Segundo
  • Rolling Hills
  • Hawthorne
  • Playa Del Rey and Culver City
Law Offices of James C. Shields - Torrance Bankruptcy & Estate Planning Attorney
Located at 21707 Hawthorne Blvd, Suite 204
Torrance, CA 90503.
View Map
Phone: (888) 910-6652
Local Phone: (310) 626-4404

Website:
© 2018 All Rights Reserved.