Connecting You with Trusted Licensed Insolvency Trustees – We’re Here to Guide, Not Decide. Learn More

Free Consultation

bankrupcy

which creditors donot enter ito program

One Response to “bankrupcy”

Barton Goth GCO Bankruptcy Trustees said...

The most common types of creditors that are not cleared in a bankruptcy are as follows:
1. Student loans if less than 10 years has elapsed since you last attended school;
2. Debts related to fraud, misappropriation of funds, misrepresentation or theft of trust monies;
3. Child support, maintenance or alimony;
4. Civil claims for intentional bodily harm, sexual assault or wrongful death;
5. Secured creditors;
6. Debts relating to fines or penalties imposed by the court.

If you have any furthere questions on this you are best to discuss it directly with a local trustee.