Nondischargeable Debt

Nondischargeable Debt: A type of debt that cannot be eliminated through bankruptcy proceeding. Such debts include, but are not limited to, student loans, most federal, state and local taxes, money borrowed on a credit card to pay those taxes, and child support and alimony.
Some additional debts may be nondischargeable, but only if the creditor objects to the discharge. These include debts arising from a martial settlement or divorce decree, debts incurred based on fraudulent acts, debts from willful and malicious acts to another person or another person's property and debts from embezzlement, larceny, or a breach of fiduciary responsibility.

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nondischargeable debt — a debt that cannot be eliminated in bankruptcy (Glossary of Common Bankruptcy Terms) A debt that is excluded from the Debtor s discharge on one or more of the grounds enumerated in the Bankruptcy Code. See 11 U.S.C. § 523 (SA Bankruptcy.com)… … Glossary of Bankruptcy
nondischargeable debts — Debts that cannot be wiped out in bankruptcy, such as alimony, child support, and most income tax debts. If you file for Chapter 7 bankruptcy, you will still owe these debts when your case is over. If you file for Chapter 13 bankruptcy, you will… … Law dictionary
defalcation — /diyfolkeyshan/ The act of a defaulter; act of embezzling; failure to meet an obligation; misappropriation of trust funds or money held in any fiduciary capacity; failure to properly account for such funds. Commonly spoken of officers of… … Black's law dictionary
defalcation — /diyfolkeyshan/ The act of a defaulter; act of embezzling; failure to meet an obligation; misappropriation of trust funds or money held in any fiduciary capacity; failure to properly account for such funds. Commonly spoken of officers of… … Black's law dictionary
dischargeable debts — Debts that can be wiped out in bankruptcy, such as credit card debts, medical bills, and back rent. Compare: nondischargeable debts Category: Bankruptcy, Foreclosure & Debt → Bankruptcy Nolo’s Plain English Law Dictionary. Gerald N. Hill,… … Law dictionary

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