Which debts cannot be discharged in bankruptcy?

Bankruptcy is a legal process designed to help individuals struggling with debt by relieving them of some of their financial obligations. However, not all debts can be discharged in bankruptcy. In Mississippi, some debts that cannot be discharged include student loans, child support payments, recent income taxes, alimony, and court-ordered restitution or criminal fines. Student loans are generally not dischargeable, though there are some exceptions. For example, a lower court in Mississippi has ruled that student loans can be discharged in cases where the loans impose an undue hardship on the debtor. Child support payments, both past and future, cannot be discharged in bankruptcy. This means the debtor must continue to make all payments or else face consequences from the court. Income taxes can also not be discharged in bankruptcy, as the IRS considers them to be a priority debt. In Mississippi, taxes can only be discharged if they are more than three years old, not assessed within the last 240 days, and, in certain cases, not fraudulent or evasive. Alimony and court-ordered restitution or criminal fines may also not be discharged in bankruptcy. This means that the debtor must continue to make payments to those to whom they owe money or they may face legal action from the court. While bankruptcy can be an effective way for individuals in debt to get a fresh financial start, it is important to understand which debts cannot be discharged. In Mississippi, student loans, child support payments, recent income taxes, alimony, and court-ordered restitution or criminal fines cannot be discharged in bankruptcy.

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