Non-Dischargeable Debt

A non-dischargeable debt is any debt that cannot be forgiven through the course of a bankruptcy such as federal state and local taxes, student loans or any loans or debts incurred to repay a non-dischargeable debt. If you are involved in any fraudulent or ciminal acts and incurr debts they will not be forgiven such as negligent fiduciary duties or personal injury or death due to criminal acts. Outstanding debts from alimony, child support or divorce agreements cannot be dissolved in bankruptcy and are considered to be nondischargeable debts.

Click for the full glossary of credit card terms.

Similar Articles:

Credit Cards

Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!