Are your debts dischargeable under Provo bankruptcy?
Bankruptcy, LawsDebtors can get into a lot of trouble if the debts they need to escape turn out to be non-discharging.
Debtors from all over the country and all walks of life turn to bankruptcy for help when their financial supports are taken out from under them. That’s what bankruptcy is for, to give us a fresh start when we need one. Bankruptcy is diverse too. Everyone from penniless individuals to billion dollar corporations have a place in modern bankruptcy law. That’s good too, because our modern economy needs the insurance that bankruptcy provides. Bankruptcy is not, however, a cure-all.
In Utah County, debtors occationally seek out personal bankruptcy services with the intent of discharging debts that are non-discharging. Meaning that no matter how good your attorney is, the Provo bankruptcy court will not release the debtor from these debts. Any Provo bankruptcy attorney worth his or her salt will warn their clients about these kinds of debts right away. The people who get into trouble are debtors who are planning for a bankruptcy to cover these kinds of debts.
So it is important for people considering Provo bankruptcy to make sure that their debts can be discharged. Debts that cannot be discharged are those the government feels debtors are responsible for no matter what. Taxes, for example.
Federal and state taxes cannot, for the most part, be discharged. Neither can debts related to a previous court judgement, such as DUI and criminal punishment fines. No bankruptcy attorney in the world can get your alimony or child-support debts discharged.
The one that surprises most is school loan debt. Only rarely will the Provo bankruptcy court discharge these fines. So rarely, in fact, that debtors should not expect it. It isn’t uncommon for new BYU or UVU graduates to have difficulty finding employment to pay off all the student loans they’ve accumulated. Sadly, Provo bankruptcy really isn’t a solution.
I want Utah County debtors to know about this because time spent planning a bankruptcy for student loans is time wasted. Be sure your debts are dischargeable. If they are, we’re here to help.
