When you are overwhelmed with debts, it is imperative that you take the time to think carefully about what you are going to do to get the debts under control. One of the options that you have is to file for bankruptcy. Chapter 13 is what some people opt to file because they are able to repay some of the debts that they have.
There are some debts that will remain after the discharge of this bankruptcy. One of these is any debt that you didn't declare. It is very important for you to ensure that you include all of the debts that you need to be part of the bankruptcy in the paperwork you file. If it isn't included on the wage-earner plan, it isn't going to be discharged.
Another debt that isn't discharged is one that will outlast the repayment plan. These long-term debts, such as your mortgage, will continue even after the bankruptcy payments are done.
Court-ordered payments for fines, restitution and personal injury cases aren't going to be discharged with the bankruptcy. Child support and alimony payments also fall into this category.
Student loans won't be discharged either. You will have to repay these unless you qualify for forgiveness. You should determine if this is something that you might be able to do just to take some of the stress off of your bank account.
When you are making a budget for what is going to happen after the discharge, you should make sure that you include these debts in your plan. This helps to ensure that you are able to keep up with the payments so that you don't find yourself in financial troubles and leaning toward bankruptcy again.
Source: FindLaw, "Debts that Remain After a Chapter 13 Discharge," accessed Aug. 21, 2017