Phones Answered 24 Hours A Day Call 800-653-2243
Thompson Law Group, P.C.
Experienced Lawyers on Your Side
Menu / Navigate
Secondary Nav

Will all of my debts be erased after filing for bankruptcy?

Filing for bankruptcy can be an overwhelming experience for individuals who have struggled to make ends meet. Though it is not uncommon for Pennsylvania residents to seek the protections of the bankruptcy courts, many people do not feel comfortable managing the process on their own. For that reason, it is not uncommon for filers to work with bankruptcy attorneys to help make sure that their cases stay on track.

One of the most common forms of personal bankruptcy that individuals pursue is Chapter 7 bankruptcy. Chapter 7 bankruptcy is often known as liquidation bankruptcy as it involves the liquidation of a debtor's assets for the purposes of repaying his creditors. Though liquidation bankruptcy can sound scary, there are a number of exemptions a debtor may use to protect some of her real and personal items of property.

After selling off his assets and providing his creditors with the proceeds, a debtor may feel that all of his outstanding financial obligations should be forgiven. However, there are some debts that cannot be discharged through bankruptcy. Obligations such as unpaid child support, student loans, and owed taxes generally cannot be forgiven in a traditional bankruptcy proceeding.

Additionally, some fees or costs associated with going to court cannot be discharged through personal bankruptcy. Debts incurred that were not included in the schedule of debts used during the bankruptcy process will not be discharged. There are other debts that may survive bankruptcy as well and readers should talk to their lawyers about their own debt-related questions.

In general, personal bankruptcy is a great way for an individual to relieve himself of his debts. It is important for him to remember, however, that it is possible for some of his debts to remain even after his bankruptcy discharge. As every bankruptcy case is different, readers are asked not to rely on this post as legal advice.

No Comments

Leave a comment
Comment Information

Contact the Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Warrendale Office
Main Office
125 Warrendale-Bayne Road
Suite 200
Warrendale, PA 15086

Toll Free: 800-653-2243
Map & Directions

Pittsburgh Office
DOWNTOWN PITTSBURGH
555 Grant Street Suite 331
Pittsburgh, PA 15219

Toll Free: 800-653-2243
Toll Free: 800-653-2243
Map & Directions

Greensburg Office
GREENSBURG OFFICE
101 North Main Street, Suite 104-A
Greensburg, PA 15601

Toll Free: 800-653-2243
Toll Free: 800-653-2243
Map & Directions

Canonsburg Office
Satellite Office
2400 Ansys Drive
Canonsburg, PA 15317

Toll Free: 800-653-2243
Map & Directions

Monroeville/Wilkins Township office
Satellite Office
400 Penn Center Boulevard
Suite 101
Pittsburgh, PA 15235

Toll Free: 800-653-2243
Map & Directions