Did you know not All Debts Can Be Discharged in Bankruptcy Non-Dischargeable Debts and some more information on bankruptcy

IMG SRC: milwaukeebankruptcy.net

Sometimes we find ourselves in a situation where we need answers but for that, we require expert’s and that is the case when we are faced with bankruptcy. So here are few points that will help you understand.

Not All Debts Can Be Discharged in Bankruptcy Non-Dischargeable Debts

  • ·         Debts by fraud or false pretenses
  • ·         Debts incurred by a false statement in writing.
  • ·         Income taxes for tax debt less than three years ago.
  • ·         Debts incurred by committing willful and malicious injury.
  • ·         Student loan debt unless an undue hardship can be shown to the bankruptcy court.
  • ·         Spousal or child support obligations.
  • ·         Death or personal injury caused by a person when intoxicated.
  • ·         Fines and penalties owed to the government.
  • ·         Criminal fines and restitution.
  • ·         Fraud while acting in a fiduciary capacity including embezzlement and larceny.

Can someone be fired for filing bankruptcy?

  • ·         The answer is a No because Federal Bankruptcy law specifically prohibits an employer from firing an employee for filing for bankruptcy protection.

Some common reasons for filing for bankruptcy protection?

The Most Common Reasons For Filing For Bankruptcy Protection Include:

  • ·         Medical Bills
  • ·         Job Loss
  • ·         Credit was Over Extended
  • ·         Tax Debts
  • ·         Unexpected Bills
  • ·         Divorce (Speak To A Family Law Attorney)

So if you are facing bankruptcy and need expert advice and guidance contact Bolinske law. They are one of the finest bankruptcy law firms in the United States.  

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