Debts Not Discharged in Colorado Bankruptcy
Filing Chapter 13 Bankruptcy or Chapter 13 Bankruptcy in Colorado will not discharge all of your debt. Federal Bankruptcy Codes have determined what debt can be discharged and in Colorado the following debts generally can not be discharged. The list is not exhaustive and a Colorado Bankruptcy Attorney should be consulted to review the type of debt you have and whether or not it will be discharged by filing Bankruptcy in Colorado.
- Federal, state and local taxes. May be subject to specific time rules.
- Spousal Support/Alimony
- Child Support Payments
- Most Student Loans
- Mortgage Liens
- Certain types of purchases for luxury items within 90 days of filing
- Secure Debt
- Penalties and fines by government agencies
- Fraud committed in a fiduciary role including larceny and embezzlement
- Punitive damages assessed for “willful and malicious acts”
- Debts not outlined on the schedule and forms filed with the Bankruptcy Court
- Drunk Driving fines
- Certain cash advances or purchases for luxury items with in a certain time frame.
All debts that are not discharged through the bankruptcy process may still be pursued through creditor’s debt collection efforts.
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