What is NON-DISCHARGEABLE DEBT?

A monetary obligation that is not disbursed immediately upon the sale of an individual’s assets or his declaration of bankruptcy. These include the incurred but unpaid taxes.

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Related Legal Terms
PARTNERSHIP DEBT, DEBT RESTRUCTURING FRAUD, DEBT BY SPECIALTY, SHORT TERM DEBT TO TOTAL DEBT, ARBITRAGE COLLATERALIZED DEBT OBLIGATION, PUBLIC DEBT, ACCOUNTS PAYABLE (A/P) TO TOTAL DEBT RATIO, BAD DEBT EXPENSE, POST TAX DEBT-SERVICE COVERAGE, MONETIZE THE DEBT


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