Filing Tucson bankruptcy will relieve which debts?
Tucson Chapter 7 bankruptcy covers all debts which are owed except for those which are outlined in section 523(a) of the bankruptcy code. Here is a list of those debts:
- Certain taxes, IRS debt
- Debts which are not listed in the bankruptcy petition
- Most alimony, child support or other domestic support obligation debts
- Fines and penalties which are owed to the government
- Most student loans, unless the debtor can prove “undue hardship” (this is extremely difficult to do)
- Debts from driving while intoxicated
- Debts which the debtor has formally agreed to pay through reaffirmation agreements
It is possible that the court will find other debts which are not dischargeable, the creditor has to file a dispute to the debt and prove that the debt should not be discharged. Here is a list of these kinds of debts:
- Debts which are fraudulent
- Debts incurred while acting as a trustee of someone else’s property
- Debts for “willful and malicious injury” to another person or to their property.
If you are unsure about certain debts, it would be in your best interest to contact a competent Tucson bankruptcy attorney for advice on your particular situation.