Filing for bankruptcy will wipe out all your debts except those where money is due for alimony or child support or for payments of certain taxes and fines. Bankruptcy will also not wipe out those debts which are not covered or listed on the petition for bankruptcy. It will not waive those loans which you acquired by furnishing false information to your creditors since they relied on it with trust to offer you the loan amount. It will also not wipe out those debts that result from a malicious or willful harm. Student loans that are due to a government body or a school will not be waived unless the court gives a ruling that payment of such loans would cause undue hardship on you Texas Non-Dischargeable Debts)