Boston Chapter 13 Bankruptcy Lawyer

Limitations of Chapter 13 Bankruptcy

Bankruptcy is capable of eliminating or reducing a lot of debts that a person might have. Chapter 13 does this by creating a repayment plan for many of a person’s debts and completely discharging others. While bankruptcy can eliminate a number of debts and make life more bearable, it is not a cure all. It cannot eliminate all debts.

Debts Which Cannot be Discharged

Chapter 13 bankruptcy cannot eliminate debts that were not voluntarily incurred. These include such debts as child support back payments. Alimony payments also cannot be discharged. Child support and alimony are not payments that a person can get out of. They are not borrowed from anyone and so it is not a question of repayment. Without the alimony or child support payments, a child or former spouse can suffer.

Back taxes also cannot be discharged. These also are not a choice so much as an obligation. Without taxes, society loses a lot of benefits like police protection, schools, and a fire department. As this is true, taxes cannot be discharged from a person’s debt list. They do have to be paid in full.

Student or college loans cannot be discharged either. These must be paid in full, despite the voluntary nature in which they were undertaken. Because student debts have to be repaid, it is very important to choose schools that are affordable if you must take out loans.

Contact a Boston Bankruptcy Lawyer

If you are considering filing bankruptcy, contact the Boston bankruptcy lawyers of Joshua Spirn & Associates at 1-800-975-5346 to discuss your situation and to determine if bankruptcy is right for you.