Question

Which of the following are dischargeable in a personal chapter 7 bankruptcy?

a. a $7,000 designer watch bought on credit one week before the bankruptcy petition is filed

b. a student loan debt that the bankruptcy court has found that the bankrupt person has an undue hardship

c. a court judgement against an adult bully who severely beat a classmate in the school parking lot

d. $75,000 in alimony owed by a man who is unable to pay because poverty

Answer 1

Ans: 7000$ designer watch bought on credit one week before the bankruptcy petition is filed because bankruptcy law deal with the payment due and person can't pay it due to insufficiency of funds