Debt Discharged in Chapter 7 Bankruptcy
Chuck lost his job last year when his company moved their factory overseas. Chuck has been unable to find another job and had to file for a Chapter 7 bankruptcy. Which of the following debts can be discharged in the bankruptcy?
- $10,000 of rent he owes his landlord
- $20,000 of taxes he owes the IRS
- $30,000 of alimony he owes his ex-wife
- $40,000 of school loans he owes to Big City Bank