Debts Not Discharged in an Arkansas Bankruptcy Case
Unfortunately, not all personal debt will be discharged by filing Chapter 7 or Chapter 13 Bankruptcy. The types of debts which are not discharged are outlined at the federal level in the United States federal bankruptcy code. If you live in the state of Arkansas, the following debts 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.
If you have debt that is not discharged by filing bankruptcy, it is legal for creditors to continue their efforts to collect the debt payments. This is a general list of non-dischargeable debt. An Arkansas Bankruptcy Attorney should be consulted for information about your specific type of debt and whether or not your debt is dischargeable.
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