What is considered a non-dischargeable debt?

A non-dischargeable debt is a debt that cannot be wiped out through a bankruptcy process. In Oklahoma, the Bankruptcy Code lays out certain types of debts that cannot be discharged, meaning they must be paid off in full. Some of the most common types of non-dischargeable debts include certain taxes, student loans, alimony or child support payments, debts incurred from fraud, and any debts from personal injury caused by driving under the influence. Additionally, court-ordered fines or restitution payments, like those from a criminal conviction, are also considered non-dischargeable debts. Though filing for bankruptcy in Oklahoma can provide relief from most debts, it is important to know which types of debts are not eligible to be discharged. Non-dischargeable debts can still be settled through other means, like debt negotiation or through a repayment plan, but they may ultimately take longer or require more money in the end to pay off. It is important to speak with a qualified attorney to ensure a thorough understanding of which debts are eligible for discharge, and how best to manage those debts that are not. When it comes to bankruptcy law in Oklahoma, understanding what debts are dischargeable and which are not can be a complex process. Knowing the difference between the two can help filers make better informed decisions about their financial future.

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What is considered a non-dischargeable debt?

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