WILL BANKRUPTCY WIPE OUT ALL MY DEBTS?

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

(1) money owed for child support or alimony, fines, and some taxes;
(2) debts not listed on your bankruptcy petition;
(3) loans you got by knowingly giving false information to a creditor, who reasonably relied on it in making you the loan;
(4) debts resulting from ‘‘willful and malicious’’ harm;
(5) student loans, except if the court decides that payment would be an undue hardship;
(6) mortgages and other liens which are not paid in the bankruptcy case (but bankruptcy will wipe out your obligation to pay any additional money if the property is sold by the creditor).

I recommend that you consult with an experienced Utah Bankruptcy Lawyer to determine what your risk and liabilities may be if you file for bankruptcy protection.

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