Question

Jay files a bankruptcy petition under Chapter 7. Among his debts are un­paid taxes, fines owed to the government, student loans owed to Mega University, and support owed to his ex-wife Kris. Most likely to be dis­charged are
a. the back taxes if they accrued within the previous three years.
b. the fines if they have been outstanding less than eight years.
c. the student loans if their payment would impose undue hardship.
d. the support debts.

Answer

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