NONDISCHARGEABLE DEBTS
\nˌɒndɪst͡ʃˈɑːd͡ʒəbə͡l dˈɛts], \nˌɒndɪstʃˈɑːdʒəbəl dˈɛts], \n_ˌɒ_n_d_ɪ_s_tʃ_ˈɑː_dʒ_ə_b_əl d_ˈɛ_t_s]\
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Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.
By Oddity Software
Word of the day
dust storm
- a windstorm that lifts up clouds of dust or sand a windstorm that lifts up clouds dust or sand; "it was the kind of duster not experienced in years"