Will Bankruptcy Wipe Out All Your Debts?

With some exceptions bankruptcy will wipe out all of your debts. Some debts like child support and tax debt cannot be eliminated. Your lawyer can tell you the specific debt which cannot be eliminated by bankruptcy. However, keep in mind that in some circumstances a good lawyer can wipe out even tax debt in bankruptcy.

Some of your debts you may want to keep. For example, you may want to keep your car so you need to keep making payments. If you’re behind in your payments you may want to have your lawyer take the legal steps necessary to get caught up.

Every person’s situation is unique so consult with an experienced consumer lawyer who can analyze your specific situation.