Bankruptcy will discharge your personal liability on those debts.

But, they’ll start calling your ex non-stop and may sue him/her.

No.

Bankruptcy generally discharges everything, with the exception of priority debts, which include most taxes, child support/alimony, student loans, and criminal fines and restitution.

This means that your court fines and restitution will survive bankruptcy.

Today I met with a client who embezzled $120,000 from his former employer and is paying back $1,000 a month as part of a restitution payment.

It’s nothing like you’ve seen on tv.

First off, you probably will never really go to the federal courthouse.

Yes.

One of my paralegals asked me that question as we were taking a new picture of me for some legal news article coming up.

No.

Debts discharged in bankruptcy are non-taxable.

So today a woman calls in who shares the title to her home with her sister.

You keep the 401k and you lose the stock.

When we file bankruptcy, we can exempt (protect) certain assets for you.

Now I

You already know the answer to this:

Yes, but it’s a really, really tiny chance.

In theory, a payday lender could turn you over to the county attorney and argue that the post-dated check loan you took out was actual a criminal act where you took out the loan never meaning to pay it back.