Bankruptcy eliminates most unsecured debts, but not all. The following debts are not dischargeable in a bankruptcy:   court imposed fines, penalties, and restitution orders parking tickets and speeding tickets alimony or child/spousal support debts arising from fraud, embezzlement, misappropriation or fraudulent misrepresentation civil court damages awarded against you for sexual assault or bodily harm student loans for studies within the past seven years