What is an undischargeable debt? I imagine it means that it cannot be discharged?
A non-dischargeable debt is a debt whose execution is suspended during your bankruptcy (you cannot be compelled to pay it), but which you must resume paying once your bankruptcy is over. Non-dischargeable debts are generally those resulting from obtaining goods or services under false pretenses.
Questions reliées
- Can my bankruptcy be denied? If so, why?
- I moved to the Magdalen Islands and I would like to know if I can declare bankruptcy from here or if I must return to the region where I lived in the last year.
- I owe Emploi-Québec for overpayments. Would personal bankruptcy release me from this debt? It concerns social assistance benefits that were overpaid.
- I want to file for personal bankruptcy and I'm wondering how long it will take to be discharged afterwards if there are no objections from creditors?
- I would like to know how much the trustee's bill is? Is it calculated based on the amount of the bankruptcy or is it a fixed rate? Is it the same amount for a business bankruptcy as for a personal bankruptcy?