Yes, with some exceptions. Bankruptcy will not normally wipe out:
- money owed for child support or alimony, fines, and some taxes;
- loans you got by knowingly giving false information to a creditor, who reasonable relied on it in making you the loan;
- debts resulting from ‘willful and malicious’ harm;
- student loans owed to a school or government body;
- first mortgages and other liens which are not paid in the bankruptcy case (but bankruptcy will wipe out your obligation to pay any additional money if the property is sold by the creditor).