Debts Not Discharged in the State of New Jersey
Filing Chapter 7 Bankruptcy or Chapter 13 Bankruptcy will not discharge all debt. Federal bankruptcy law outlines non-dischargeable debt. In the state of New Jersey, non-dischargeable debt will be the same as in other states. If you are considering filing bankruptcy in New Jersey, it is important to discuss what debt you have that may not be dischargeable. Creditors can continue legal debt collections efforts if you fail to pay your non-dischargeable debt obligations.
In the state of New Jersey the following debt will not be discharged:
- 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.
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