What is considered a non-dischargeable debt?

A non-dischargeable debt is a type of debt that cannot be erased through bankruptcy proceedings. Each type of bankruptcy has its own list of debts that cannot be discharged. In the state of Nebraska, debts that are not dischargeable include tax debts, spousal support or alimony, child support, student loans, and any debts from fraud or misrepresentation. Tax debts are perhaps the most commonly non-dischargeable debt. These debts include any taxes that are owed to the federal government, the state government, or any other governmental entities. Also, if the debtor has income taxes that have not been filed with the required forms, these debts are also non-dischargeable. Student loan debts are also not dischargeable. Even if the loan was taken out prior to filing for bankruptcy, and the payments have been missed, student loan debts must still be paid. All spousal support or alimony payments are non-dischargeable. This includes any payments that the debtor is obligated to pay from a previous marriage. Additionally, child support obligations cannot be discharged in bankruptcy. Finally, any debts that are the result of fraud or misrepresentation are non-dischargeable. If the debtor does something illegal or unethical in order to obtain funds, such as taking out an loan with false information, the debt associated with this activity is non-dischargeable.

Related FAQs

Will filing for bankruptcy stop a lawsuit?
What kind of debt relief is available to married couples filing for bankruptcy?
How do I know if I qualify for a Chapter 7 bankruptcy?
Can I keep my car when filing for bankruptcy?
Are there any types of debt that will survive a bankruptcy discharge?
Is there anything I can do to rebuild my credit after bankruptcy?
Are there any special provisions for filing for bankruptcy as a business?
Is there a limit to the amount of debt I can have when filing for bankruptcy?
How long does the bankruptcy process take?
How do I know if I'm eligible to file for bankruptcy?

What is considered a non-dischargeable debt?

Related FAQs

Related Blog Posts