Non-Dischargeable Debts in Chapter 11
In Chapter 11 bankruptcy, certain debts are not dischargeable, meaning they cannot be wiped out and must still be repaid by the debtor. These non-dischargeable debts include:
- Taxes and Customs Duties: Certain tax liabilities, including those for which the debtor failed to file a required return or filed a fraudulent return, are not dischargeable. 168
- Domestic Support Obligations: Alimony, child support, and other domestic support obligations are not dischargeable. 136
- Fraudulently Obtained Credit: Debts obtained through fraud, false pretenses, or false representations are not dischargeable. 126
- Willful and Malicious Injuries: Debts resulting from willful and malicious injuries to person or property are not dischargeable. 126
- Criminal Restitution and Fines: Debts for criminal restitution and fines are not dischargeable. 126
- Student Loans: Most government-funded or guaranteed educational loans or benefit overpayments are not dischargeable. 126
- Debts from Embezzlement, Larceny, or Breach of Fiduciary Duty: Debts arising from embezzlement, larceny, or breach of fiduciary duty are not dischargeable. 126
- Debts Related to Violations of Securities Laws: Debts arising from violations of federal or state securities laws are not dischargeable. 7