Typically, misdemeanors are not discharged during bankruptcy. Misdemeanor offenders typically receive a fine, a detention sentence in the local or county jail, or both. Fines for misdemeanors include traffic tickets. For example, if you have accumulated $500 in fines, they are not dischargeable. If you pay the $500 fine with a credit card and then file for bankruptcy, the credit card bill may be a dischargeable debt, dependent on when the fine is paid. This demonstrates the practical, real-world effects of bankruptcy on debt repayment.
Similar to misdemeanor penalties, felony fines are not dischargeable in bankruptcy. The difference between the two is the form of jail to which you will be sent if you are sentenced to jail. You will be sent to a federal or state penitentiary for a felony offense. According to misdemeanor laws, you will be sent to a local or national penitentiary.
Property taxes are a unique circumstance. In some instances, they will be released. This is typically the case if the taxes were lodged more than a year prior to the bankruptcy filing. In actuality, however, even if your property taxes are discharged, the effect on you is insignificant. This is due to the fact that you will still have a tax attachment on your property, meaning it cannot be sold or transferred until the taxes are paid. In other words, as far as property taxes are concerned, you are essentially in the same position as if you had never filed for bankruptcy.
Most individuals believe that income tax debts cannot be discharged. However, it depends greatly on the circumstances. For instance, if the debt is sufficiently old and other conditions are met, you will be able to discharge it. However, if the debt is more recent, you may be unable to do so. Additionally, depending on the jurisdiction in which you file for bankruptcy, state taxes may or may not be eligible for discharge. When dealing with tax debts, it is generally advisable to consult with a tax attorney and/or accountant. In the event that you have committed income tax fraud, however, they are never dischargeable.
" - https://www.affordablecebu.com/
