The goal in a bankruptcy is to get a discharge from your debts. A discharge means that you cannot be legally required to pay the debt and the creditor is barred from trying to collect the debt from you.
You must evaluate which debts are likely to be discharged and which debts may be challenged as non-dischargeable.
Exceptions to Discharge - Debts that Don't Go Away
- Money owed for child support or alimony
- Taxes and fines owed to the Government
- Debts not listed on your bankruptcy petition
- Loans you got by knowingly giving false information to a creditor
- Debts incurred by fraud while acting in a fiduciary capacity
- Debts resulting from "willful and malicious" harm
- Goverment insured student loans
- “Luxury goods" charged within 90 days of your Bankruptcy filing
- Cash advances incurred within 70 days of your Bankruptcy filing
- Debts for personal injury or death resulting from a DWI accident
- Loans from most retirement plans