What debts can I include in a Chapter 7?

If you are one of the many people in Tennessee who is struggling to make ends meet and to keep up with your bills, you may be wanting to consider bankruptcy. A Chapter 7 bankruptcy plan may well provide you with the level of debt relief that you need in order to start over with a clean slate and get back on a positive financial footing. However, before you rush into the decision to file for bankruptcy, it is important for you to know that not every type of debt is able to be discharged with a bankruptcy.

The U.S. Courts explains that both Chapter 7 and Chapter 13 bankruptcy plans exclude certain types of debts. The list of exclusion is longer for a Chapter 7 plan than for a Chapter 13 plan. In a Chapter 7 bankruptcy you may not generally include any debt related to a court order to pay child support or spousal support. Student loans backed by the federal government and many debts related to federal income tax may also not be able to be included in a Chapter 7 plan.

If you owe fines related to a drunk driving conviction or have debts related to your intentional damage of property or harm to another person, you may not find those included in your bankruptcy plan either.

This information is not intended to provide legal advice but is instead meant to give Tennessee residents an overview of what types of debts may or may not be able to be included in a Chapter 7 bankruptcy.

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