Law & Legal & Attorney Bankruptcy & consumer credit

State Collection Rights After Chapter 7

    Exempt Property

    • Items that qualify as exempt property include any real estate that is your place of residence, any trade or professional tools, any life insurance contract that has not matured or prescription health aids. Government-issued benefits like Social Security, unemployment, disability or veteran's are also exempt.


    • Whether Chapter 7 or Chapter 13, much of your debt will be discharged after you file bankruptcy. However, some debt is not dischargeable regardless of bankruptcy. For Chapter 7, this includes recent taxes, which would be collected by the federal or state government. Student loans, criminal fines or restitution and family support also qualify as non-dischargeable.


    • Not all taxes are non-dischargeable. This includes tax penalties over three years old and income tax that is not considered priority, or more recent, claims. However, tax returns that were not filed are not considered dischargeable.

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