Will All My Debt Be Erased By Bankruptcy?

John Ernst, a Duluth GA Bankruptcy Attorney from Ernst & Partners, tells us clearly what debt is and is not wiped out when you file for bankruptcy.
A second common misconception about filing for bankruptcy is that every last penny of your debt is wiped out.  Sorry to say, that isn't exactly true.
Some types of debt cannot be erased. For example you will still owe child support and alimony, as well as student loans.  Also be aware that any debts incurred as the result of fraud will still be owed. If you've defrauded someone and a judgment has been made against you, that won't be erased either.
Watch this short video while John Ernst, Bankruptcy Expert, explains:

For more videos about filing for bankruptcy in Duluth, GA, go here.

To read about Georgia bankruptcy laws, see this website.