It is possible to wipe out all your debts as long as they don’t meet the criteria for being nondischargeable debt. The following types of loans are exempted from bankruptcy discharge:
- Child support or alimony payments
- Debts that are not declared on your bankruptcy petition
- Loans where it was proved that you defrauded the creditor by giving a wrong information
- Debts incurred due to harm that is willful and malicious
- Unpaid student loans
- Mortgages and liens that are not yet paid