Posts Tagged ‘Money owed to the IRS’
Most people are aware that there are three main debts that are non-dischargeable; (1) Student Loans, (2) money owed to IRS or state taxing agency, and (3) back child support. However, that is not the end of the list. Here are other non-dischargeable debts that are less common, but still important to note:
(1) A judgment against you for a willful and malicious injury (i.e., assault & battery)
(2) An obligation arising from auto accident that involved alcohol
(3) If a creditor alleges false pretenses, false representations, or actual fraud
(4) If a debt is based on a false (or falsified) financial statement (i.e., a lie on a loan application)
(5) Cash advances of $750 or more taken within 70 days of filing
(6) Debts arising while acting as a fiduciary (i.e. embezzlement or larceny)
(7) Fines or penalties owed to a governmental unit
(8) Condominium dues (if the condominium is not surrendered)
LAST – AND MOST IMPORTANTLY
(9) Any debts not originally listed on your bankruptcy petition