What is considered a non-dischargeable debt?
In Massachusetts, non-dischargeable debt refers to any debt that cannot be eliminated through bankruptcy. This type of debt is protected from being discharged in Bankruptcy Court by either state or federal law. Common types of non-dischargeable debt include: • Student loans • Most taxes • Alimony • Child support • Debts incurred by fraud, such as falsifying documents or lying about your finances • Debts resulting from a judgement or a court order • Debts incurred by a DUI or other criminal activity • Fines or penalties imposed by a government agency • Home equity loans When filing for bankruptcy, it is important to know the difference between dischargeable debt and non-dischargeable debt since the latter will still need to be paid off in full regardless of the bankruptcy proceedings. In addition, creditors can still take legal actions to collect any non-dischargeable debt, such as garnishing wages or placing liens on assets. It is important to speak with a bankruptcy attorney to understand what type of debt is considered non-dischargeable and how to best address any outstanding debt.
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