It's one of the myths many people believe about bankruptcy. They think their financial slate is wiped completely clean after filing for bankruptcy. Unfortunately, that's not true.
There is no question that for many individuals, filing for bankruptcy is the best course of action they can take. Though the process may be stressful, for most, being able to discharge the debt that is undoubtedly dragging them down, makes it well worth it. While most types of debt are dischargeable, there are some that debtors remain responsible for. For example, taxes and back child support must be paid. This is generally the case where student loan debt is concerned as well. There are some exceptions however.