Filing for bankruptcy can be a difficult thing to do. When you are filing in Joliet or Will County, Illinois, knowledge of the debts that may be dischargeable in the process is important to know, as it can contribute to your decision to file.

In Illinois, there are two types of bankruptcies that you can file – Chapter 7 and Chapter 13. If you file a Chapter 7 bankruptcy in Will County, Illinois, the following debts are not dischargeable: 1) back child support, alimony obligations and other debts related to family support; 2) debts for personal injury or death caused by driving while intoxicated; 3) student loans unless paying them back would be an undue hardship; 4) fines and penalties for violating the law which include but are not limited to traffic tickets and criminal restitution; 5) All income tax debts including income tax debts within the last 3 years; 6) debts due to fraud , theft and embezzlement and ; 7) debts you fail to list in your bankruptcy. If you file a Chapter 13 bankruptcy, which is when a debtor creates a plan to repay creditors, the same debts listed above will need to be paid in full in your plan. If these debts are not paid, they will remain at the end of the case.

The bankruptcy process can be a bit confusing, but there is no need to worry. If you are in Joliet or Will County, Illinois and are faced with the difficult decision to file for bankruptcy, you do not have to go through it alone. Contact Hamilton & Antonsen, Ltd at 815.729.9220 to set up a complimentary consultation.