Will Bankruptcy Wipe Out All My Debts

Yes, with some exceptions. Bankruptcy will not normally wipe out: • money owed for child support or alimony; • most fines and penalties owed to government agencies; • most taxes and debts incurred to pay taxes which cannot be discharged; • student loans unless you can prove to the court that repaying them will be an “undue hardship;” • debts not listed on your bankruptcy petition; • loans you got by knowingly giving false information to a creditor, who reasonably relied on it in making you the loan; • debts resulting from “willful and malicious” harm; • debts incurred by 

Read More