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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.

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Lessons

    • 1. Welcome to Bankruptcy
    2. Foundations of Bankruptcy
    3. The Estate and the Automatic Stay
    4. Creditors, Claims, Discharge, and Priority
    5. Chapter 7 Liquidation
    • Chapter 7 Panel Trustee
    • Distribution of Estate Property in Chapter 7
    • Discharge in Chapter 7
    • Personal-Property Collateral in Chapter 7
    • General Grounds to Dismiss a Chapter 7 Case
    • Introduction to the Means Test and Dismissals or Conversions for Abuse
    6. Debt Adjustment in Chapter 13
    • Eligibility to File for Chapter 13
    • The Estate in Chapter 13
    • Introduction to the Chapter 13 Plan of Debt Adjustment
    • Terms Permitted in a Chapter 13 Plan
    • Chapter 13 Confirmation Requirements: Treatment of Secured Claims
    • Chapter 13 Confirmation Requirements: Treatment of Unsecured and Priority Claims
    7. Preferences
    • Introduction to Preferences
    • A Transfer to a Creditor or for a Creditor's Benefit Made for or on Account of an Antecedent Debt
    • A Transfer Enabling a Creditor to Receive More Than It Would in Chapter 7
    • The Net-Benefit Rule
    • Contemporaneous Exchanges for New Value
    • Transfers in the Ordinary Course of Business
    • Subsequent New Value