Question

In: Finance

Debts that cannot be discharged in bankruptcy include all EXCEPT a. recent income and property taxes....

Debts that cannot be discharged in bankruptcy include all EXCEPT

a.

recent income and property taxes.

b.

money obtained fraudulently.

c.

money owed to utility companies.

d.

money owed for alimony.

Solutions

Expert Solution

Debts that cannot be discharged in bankruptcy will be including all such money which has been owed on the money which has been obtained fraudulently along with money owed for alimony and taxes.

money owed to utility companies should always be paid in the case of insolvency of a business.

Correct answer will be option (C) money owed to utility company.


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