While bankruptcy may be the right choice for many individuals struggling to keep up with their debts, it’s important to understand that filing for bankruptcy in Massachusetts does not excuse all debts. There are some types of debts that bankruptcy will not get rid of. Listed below are a few examples of debts that you will still be responsible for even if you declare bankruptcy in Massachusetts:

1. Alimony
2. Most recent back taxes
3. Child Support
4. Most student loans
5. Fines or penalties from government agencies
6. Fraudulent debts
7. Cash advances of eight hundred twenty five dollars, within 70 days of filing for bankruptcy
8. Recent large purchases made for luxury goods bought within 90 days of filing for bankruptcy. The purchases must exceed five hundred and fifty dollars.

Each bankruptcy situation is unique and it’s important to educate yourself as to all of your available options before you make the important decision of filing. For more information and a free consultation with a Massachusetts bankruptcy attorney, contact Matthew Desrochers to discuss your options.

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