Commercial Bankruptcy:

Debt That Cannot Be Discharged

The goal of bankruptcy is to have your debts or the debt of your business discharged (rendered no longer enforceable). However, there are certain types of debts that bankruptcy cannot discharge. While specifics may vary slightly from case to case (primarily because of the different chapters of bankruptcy), these debts typically cannot be discharged:   -Taxes owed to local, state, or federal agencies -Debts due to attempts to acquire money, services, property, or credit by fraudulent means -Debts owed due to criminal injury inflicted by the debtor -Debts stemming from divorce or separation, such as alimony, child support, etc. -Student loans, unless repayment can be proved to cause undue hardship -Debts stemming from a DUI/DWI conviction -Debts arising after filing for bankruptcy