Will Bankruptcy Wipe Out All My Debts?

Yes, with some exceptions. Bankruptcy will not normally wipe out:

• Money owed for child support, obligations relating to divorce, domestic support obligations;
• Governmental fines and and penalties;
• Most taxes;
• Debts incurred through fraud;
• Debts resulting from intentional harm;
• Student loans (unless you bring a separate action in bankruptcy court and the judge decides that payment would be an undue hardship);
• Mortgages, car loans, liens and other security interests, which are not paid in your bankruptcy case, unless you surrender the collateral.