When a debt is discharged in bankruptcy, it does not have to be repaid — but not all debts can be discharged. Keep reading for a list of debts you can discharge in bankruptcy.
Bankruptcy cannot be used to discharge past due child support, alimony payments or any other form of spousal support. However, there is one way bankruptcy can help you catch up your child support and alimony payments.
An automatic stay is an injunction that protects you and your assets from creditors from the moment you file your bankruptcy petition. It can save your home from foreclosure, stop repossession, end creditor harassment and more.
While you have the best intentions to repay your student loans, life can deliver circumstances that are totally out of your control. See if you qualify to discharge your student loans under bankruptcy.