Monday, August 30, 2010

BANKRUPTCY DISCHARGE

PART 3 OF 4.

ONGOING DEBTS AFTER DISCHARGE.

If you had any of the following types of debts you may have to continue paying them even after your discharge.
-penalties and fines imposed by a court.
-damages claims from accidents- eg. car accidents, unless before bankruptcy, the sum of damages has been fixed by a court judgment or you have a written agreement with the other party.
-child support debts.
-maintenance debts.
-student HELP debts and student loans.
-debts incurred by fraud.

Any assets that you acquired before or during your bankruptcy can still be sold by your trustee up to a specified period. There are not automatically returned to you after your discharge.

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