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Debts that Remain After a Chapter 7 Discharge
Additional Non-Dischargeable Debts
In addition, the following debts are not discharged if the creditor objects during the case and proves that the debt fits one of these categories:
- Debts from fraud, including certain debts for luxury goods or services incurred within ninety days before filing and certain cash advances taken within seventy days after filing.
- Debts from willful and malicious acts.
- Debts from embezzlement, larceny, or breach of fiduciary duty.
- Debts from a divorce settlement agreement or court decree, if the debtor has the ability to pay and the detriment to the recipient would be greater than the benefit to the debtor.
FAQs
- Are there advantages to filing under Chapter 7?
- What debts will not be eliminated if I file for Chapter 7?
- So if the value of my house is more than the exempt value, will I lose it? What exactly does the above list mean?
- What about if I decide the trustee or creditor is right and I want to change my Chapter 7 bankruptcy. Can we just agree to do it?
- Do exemptions vary much between states?
Bankruptcy and Debt Resources
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