What Chapter 7 Bankruptcy in New York Does Not Discharge

Chapter 7 bankruptcy in New York is a powerful tool for eliminating debt, but it does not wipe the slate completely clean. Knowing what debts survive bankruptcy is just as important as knowing what gets discharged.

Recent income tax debts are among the most common non-dischargeable obligations. Taxes owed within the last three years generally survive your Chapter 7 case. Older tax debts may qualify for discharge, but only under very specific legal conditions that must be carefully evaluated before you file.

Family-related financial obligations are never eliminated through bankruptcy. Child support and spousal maintenance must continue to be paid in full, regardless of your bankruptcy filing. Similarly, student loans — both federal and most private — survive Chapter 7 unless you successfully prove undue hardship through a separate court proceeding, which courts in New York apply under a strict legal standard.

Debts tied to dishonest or harmful conduct also survive discharge. If a creditor can demonstrate that a debt arose from fraud, embezzlement, or willful and malicious injury, a bankruptcy court will not wipe it out. Criminal fines, court-ordered restitution, and traffic tickets are also non-dischargeable obligations that remain after your case closes. Additionally, any debts you fail to properly list in your bankruptcy petition may survive simply because the creditor was never notified.

Understanding the full picture of what bankruptcy can and cannot do for your specific situation is essential before you take any legal steps. Our New York bankruptcy attorneys are here to review your debts, walk you through your options, and help you make the most informed decision possible. Contact our office today for a free consultation and let us help you build a path forward.

#NewYorkLaw #BankruptcyLaw #Chapter7Bankruptcy #DebtRelief #NewYorkBankruptcy #PersonalFinanceLaw

Видео What Chapter 7 Bankruptcy in New York Does Not Discharge канала Albert Goodwin - Bankruptcy Attorney in New York