I went through this same process and I continued to pay my mortgage while we waited on all the other items to be discharged. This helped keep my mortgage in good standing for when the discharge was complete. As for other bills, we went ahead and had them all discharged to eliminate all debt, except the mortgage. * Yes, if it is a secured debt the petitioner can continue to make payments. Unsecured debts, (credit cards, personal loans, judgments, etc.) should not be paid as it would give the appearance that the debtor is "favoring" a creditor.
Yes.
Alimony and child support is considered to be non-dischargeable.
The bankruptcy petitioner can file another chapter 7 8 years after the date of filing of a previous chapter 7.
Government insured or provided student loans are NOT dischargeable.
The chapter 13 petitioner/participant must receive the approval of the bankruptcy trustee for all major financial transactions.
Tax debt is listed on Schedule D - Unsecured Priority Debt. Tax debt is probably not dischargeable but still needs to be listed. Whether it is dischargeable depends on what the tax lien is for. If you are unsure, ask your bankruptcy attorney or, if you don't have one, contact the IRS bankruptcy division and ask if the debt in question is dischargeable.
Yes. As far as BK is concerned, they are just like any other debt.
Yes you can file bankruptcy. Whether or not it is dischargeable is another matter. In a Chapter 13, it could be included in your repayment plan. Not sure how it works in a Ch 7.
A chapter 7 bankruptcy is the nuclear bomb of debt clearing. It will however, not get rid of certain taxes, preference payments, college loans, and other not dischargeable debts.
No child and/or spousal support are not dischargeable in a chapter 7 BK. It is my understanding that child support, student loans, taxes owed, and things along that line cannot be included in a bankruptcy.
BK cancels debts to a foreigner/resident alike- assuming the debt is dischargeable in the first place.
Under Chapter 13, certain fines are dischargeable. Where the fine is imposed as a criminal penalty, it will be non-dischargeable; however, a non-criminal fines will be dischargeable.