Asked by Christian Mirakaj on Jun 07, 2024
Verified
Which of the following are nondischargeable debts under a Chapter 7 bankruptcy filing?
A) Claims of willful or malicious conduct by the debtor that caused injury to another person or property.
B) Specific student loans,unless payment of the loans imposes undue hardship on the debtor.
C) Debts not discharged in previous bankruptcies.
D) Judgments against a debtor for claims resulting from the debtor's drinking and driving.
E) All of the above.
Willful Or Malicious Conduct
Behavior done intentionally or with reckless disregard to the rights and safety of others, often resulting in harm or damage.
Non-dischargeable Debts
Debts that cannot be eliminated through bankruptcy, including most taxes, student loans, alimony, and child support.
Student Loans
Borrowed money that is used to pay for educational expenses and must be repaid with interest.
- Understand the priority of claims and the distribution of estate assets in Chapter 7 bankruptcy.
Verified Answer
PS
Prashant SinghJun 10, 2024
Final Answer :
E
Explanation :
Examples of nondischargeable debts under the Bankruptcy Code include claims of willful or malicious conduct by the debtor that caused injury to another person or property; specific student loans,unless payment of the loans imposes undue hardship on the debtor; debts not discharged in previous bankruptcies; and judgments against a debtor for claims resulting from the debtor's drinking and driving.
Learning Objectives
- Understand the priority of claims and the distribution of estate assets in Chapter 7 bankruptcy.