For a growing number of Americans, the overwhelming stress of financial issues they are having is requiring them to claim bankruptcy to actually free themselves from their previous burden and start off with a clean slate. During this process, it is very important that to go ahead and use the professional services of a bankruptcy lawyer. With the knowledge they have along with expertise, they can make a very confusing and stressful time for anyone a little easier to handle. But even with the help of a bankruptcy layer there are certain debts that any form of bankruptcy is unable to clear away for you when filing chapter 7 bankruptcy.
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You need to be aware of what they are before you start your search for professional bankruptcy help. These debts include:
#1 Unpaid taxes. This is one form of debt that your attorney may be able to work with, but if the taxes you owe are more than 3 years old they are not going to be able to get that debt removed.
#2 Unpaid child support and alimony. Any unpaid child support or alimony that you owe will not be allowed to be wiped out according to the bankruptcy laws. This includes future divisions of assets you own.
#3 Criminal fines or lawyer fees. Fines, attorney fees or any other money you owe for taking care of your legal fees will not be covered by filing chapter 7 bankruptcy.
#4 Student loans. These debts will not be covered by a bankruptcy. If it is proven that paying the student loans back will excessive hardship to you or your dependents, then it may be cleared away.
There are two cases when the debt you owe will in no circumstances be taken care of with a bankruptcy.
#1 Any debts not reported on the original petition for a bankruptcy. You need to make sure that all of your debts, big or small are written down in black in white so that there are absolutely no questions. This also brings up a situation where you are claiming for chapter 7 bankruptcy and after you are approved and all your debt has been cleared you receive a rather large bill from your local hospital or other bill. This means you are still responsible to pay for it, even it the services were rendered before your bankruptcy.
#2 Any fraudulent charges or dishonest activity in any way will not be covered by your bankruptcy and in many cases may even threaten your bankruptcy case with the courts.
To make sure you fully understand what is going on with your bankruptcy as well as improve your chances of being accepted, you need to get proper bankruptcy help. There are services that can give you professional financial advice on the best way for you to continue. Take advantage of that great resource and get out from debt for good.
Is Bankruptcy Right For You? Talk to Bankruptcy Attorneys Free and Confidential. Licensed bankruptcy attorneys are available. Attorneys will call you to discuss your case for free. Find out if bankruptcy is right for your situation.
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