What is a non-dischargeable debt?

A non-dischargeable debt is a type of debt that cannot be eliminated or cleared through bankruptcy. This kind of debt is legally obligated to be repaid regardless of whether the debtor files for bankruptcy. In North Carolina, some of the most common types of non-dischargeable debts include child support payments, alimony payments, student loans, federal or state income taxes, and most criminal fines. Non-dischargeable debts should be paid throughout the duration of the bankruptcy proceedings and if the debtor fails to pay, collection efforts may still be able to be pursued. Additionally, filing for bankruptcy in North Carolina will not erase liens or other secured debts. In conclusion, non-dischargeable debt is a type of debt that must be paid in North Carolina regardless of filing for bankruptcy. Understanding which debts are non-dischargeable is important for creditors and debtors alike, as it gives creditors assurance that their debts will be paid, and debtors can plan for future obligations that must be met.

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What is a non-dischargeable debt?

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