Question: DEBTS - Dischargeable or Exempt? When a petition for bankruptcy is filed, all assets, income, and debts are to be disclosed. Discuss whether the following

DEBTS - Dischargeable or Exempt?

When a petition for bankruptcy is filed, all assets, income, and debts are to be disclosed. Discuss whether the following would/would not be discharged or exempt from a bankruptcy proceeding and why/why not:

- a parking ticket

- child support in arrears

- a credit card cash advance

- a life insurance policy

- a vacation cottage in another state

- loan balance from employee retirement plan

- student loans

- attorney fees

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