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For those who are looking to have some of their debts discharged, giving them a chance to start over again, Chapter 7 is a great option. Chapter 13 also provides an opportunity to restructure debt and discharge any remaining unsecured debt. While bankruptcy does discharge debts, not all debts are dischargeable. These "nondischargeable debts" are still owed, regardless of a bankruptcy filing. It is important to completely understand how bankruptcy will affect your debt situation.
More Than 15 Years of Bankruptcy Experience
At Shepard, Plunkett, Hamilton & Boudreaux, LLP, we have more than 15 years of experience as attorneys in many bankruptcy law practice areas, including Chapter 7 and Chapter 13. We serve the entire CSRA and Eastern Georgia region from our offices in Augusta and Evans. If you are considering bankruptcy, we can discuss with you which debts are nondischargeable for your specific case. Please call our offices or contact us online for one of our experienced Augusta bankruptcy lawyers.
Nondischargeable Debts
Some debts cannot be discharged. These are called nondischargeable debts. In other words, the creditor can still collect for these debts even though you may have filed for Chapter 7 or Chapter 13 bankruptcy as well as Chapter 11.
Nondischargeable debts include but are not limited to:
- Taxes less than three years old
- Credit card charges for luxury goods within the last six months
- Most debts arising from a divorce decree, such as alimony
- Child support
- Debts incurred by fraud
- Most school debts such as student loans (unless in some cases deemed a hardship)
- Debts arising from willful or malicious injury to another person
However, keep in mind there are also nonbankruptcy options for solving your debt problems. We will analyze all relevant factors in your case to determine the best alternatives for you.
Contact Our Augusta, Georgia, Bankruptcy Attorneys
Our goal is not to find the quickest and easiest solution, but the best solution. We want you to find lasting solutions, tailored to your needs. Because everyone's situation is different, we offer a free initial consultation for all consumer bankruptcy clients, to explore together the best decision for you. We also offer competitive rates for business bankruptcy cases. Contact us today to schedule yours.
