Bankruptcy Exceptions

Many people turn to bankruptcy to resolve a crushing burden of debt that they otherwise could not have handled on their own. Unfortunately, many people falsely believe that bankruptcy is a “catch-all” solution that will rid them of every financial burden they face. Although bankruptcy can help alleviate many difficult financial situations, there are certain types of debts that cannot be completely erased.

When an individual is facing serious financial trouble, it is important to closely examine one’s financial situation. This means organizing all debts, thoroughly reviewing expenditures, and monitoring one’s credit. If you or a loved one is considering filing for bankruptcy, call the offices of Boston bankruptcy attorney Joshua Spirn & Associates at 1-800-975-5346.

Common Debt Exceptions

Although bankruptcy can often help resolve many types of debt, the following are usually not affected by bankruptcy filings:

• Debts forgotten or omitted at the time of filing.
• Money owed as a result of child support or alimony.
• Student loans or other debts owed to the government or school.
• Money owed for fines and some taxes.
• Mortgages and liens if the property is not seized to pay creditors.
• Loans taken out under a false name or false identity.
• Debts caused by malicious or harmful actions.

When analyzing one’s financial situation, it is often wise to seek out the counsel of an experienced bankruptcy lawyer before filing for bankruptcy.

Contact a Boston Bankruptcy Attorney

Individuals facing serious financial problems often do not know who to turn to for help. If you are considering filing for bankruptcy, contact a Boston bankruptcy attorney at Joshua Spirn & Associates at 1-800-975-5346 today.