If you are considering filing a bankruptcy case, it is vital that you discuss all of your creditors and potential creditors with your attorney, so that he or she can properly advise you of your options. It is a common misnomer that all debt goes away in a bankruptcy, but that is not the case. The bankruptcy code provides that certain debt will not be eliminated in a bankruptcy case.

For instance: 1) did you know that if you are sued in state court for fraud, and a judgment is entered against you on the fraud count, this debt is not dischargeable in a bankruptcy case?; 2) did you know that if you are required to pay a property settlement to your ex-spouse, pursuant to a divorce decree, this debt is not dischargeable in a bankruptcy case?; and 3) did you know that if you are sued, as a result of causing a death or personal injury while intoxicated and operating a motor vehicle, vessel, or aircraft, this debt is not dischargeable in a bankruptcy case?