Sentences with phrase «of nondischargeable debts»
Not exact matches
Student loans — both federal and private — are, along with taxes and child support, nondischargeable, meaning that not even bankruptcy can get rid of the debt [source: Dugas].
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The magnitude of this problem is, in fact, rather large and has led billions of dollars of student loan debt to be misclassified as nondischargeable.»
Given the high deterrent effect of the undue hardship standard, it is, therefore, imperative that courts accurately determine which educational debts are nondischargeable.
Generally speaking, the following debts will not be discharged: taxes; spousal and child support; debts arising out of willful misconduct and / or malicious misconduct by the debtor; liability for injury or death from driving while intoxicated; nondischargeable debts from a prior bankruptcy; student loans; criminal fines and penalties and forfeitures.
While all of the debts listed below are nondischargeable in a Chapter 7, the debts listed in bold type may be dischargeable in a Chapter 13 (see § 1328 (a)-RRB-.
Priority debts include various things, but some of the ones that are common are child support arrears and nondischargeable tax debts.
Some of the common nondischargeable debt categories include:
Debts that the court declares as nondischargeable because of protest from the creditorâs end (debts incurred by fraud or other scDebts that the court declares as nondischargeable because of protest from the creditorâs end (debts incurred by fraud or other scdebts incurred by fraud or other scams).
According to Fed research, Powell noted, nondischargeable student loan debt has long - term negative effects on the path of borrowers» economic life.
Confirmation binds all affected parties to the terms of the plan, though certain debts may be nondischargeable and survive after the plan payments are completed.
The graduation into a shrunken legal sector of students with hundreds of thousands of dollars of student debt, nondischargeable in bankruptcy, can not continue.