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Bankruptcy

 

Nondischargeable Debts for Individuals

Learn about certain debts that the Bankruptcy Code exempts from discharge, or debts as to which the debtor's personal liability remains despite the discharge.

Transcript

I. Introduction to Nondischargeable Debt

We've learned that the Bankruptcy Code forbids enforcing any discharged debt as the debtor's personal liability. But not all debts are dischargeable. Indeed, Bankruptcy Code § 523 lists 19 debts that, for individual debtors, aren't dischargeable at all. Examples include many tax debts, domestic-support obligations, many debts arising from fraud or theft, student-loan debt, and more. In chapter 11, corporations get a discharge of most of these debts.

In...