What Debts are not discharged in an Iowa bankruptcy case?
Non-dischargeable assets are outlined under federal bankruptcy law. Non-dischargeable debts are debts which will not be discharged by filing either Chapter 7 or Chapter 13 Bankruptcy. Iowa will have the same non-dischargeable debts as all other states. If you do not continue debt payments for non-dischargeable debt, creditors have the legal right to continue debt collection efforts. In the state of Iowa, the following debts are not dischargeable:
- 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.
