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Bankruptcy and Debt

No. Bankruptcy will eliminate many debts, but there are some exemptions, such as:

  • Alimony and child support
     
  • Fines resulting from illegal activities
     
  • Student loans, if you have been out of school less than 7 years
     
  • Debts owed against secured assets you still own, such as a car or house

 

 
 
     
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