The most common debts that you may get rid of are: back rent utility bills some court judgements credit and charge card bills loans from family and friends newspaper and magazine subscriptions legal, medical and accounting bills most unsecured loans (e.g. debts for which there is no collateral)

Parliament has determined that the following types of debts are not dischargeable for public policy reasons (e.g., the nature of the debt or the fact that the debts were incurred due to the debtor’s improper behaviour.)

Criminal government fines, penalties Family maintenance payments Child support Secured debts Gambling debts for last-minute purchases of luxury goods or services are also nondischargeable.

Another class of debts or claims (called charges) that are backed by property also survive.

Filed under: BANKRUPTCY

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