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14 August, 10:27

Lists debts not discharged by bankruptcy

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  1. 14 August, 14:15
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    List of debts not discharged by bankruptcy are explained below in detail

    Explanation:

    Bankruptcy often gives account holders a new opening through either the liquidation or rearrangement of debts. In the two cases, the court is said to discharge the debts. Not all debts can be released, in any case, and a few are exceptionally hard to release. The most widely recognized debts not discharged by the court incorporate tax liens, student loans, mortgages. More importantly, debts which incur due to misconduct are fraud, recklessness and embezzlement behaviors. Some other debts that are not discharged by bankruptcy are court fees, social security tax and tax penalties.
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