nondischargeable debts

nondischargeable debts definition - business

nondischargeable debts

Debts that remain valid following a filing for bankruptcy. Nondischargeable debts generally include federal, state, and local taxes, student loans, debts not listed in the bankruptcy filing, alimony, child support, and court-imposed fines and fees.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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