A Discharge Releases the Debtor from the Unpaid Balance of Most

question 45

True/False

A discharge releases the debtor from the unpaid balance of most debts including federal taxes and tax penalties.

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Definitions:

Seniority Based

A system or process where priority, preference, or decisions are made based on the length of time an individual has held a position or been part of an organization.

Management Decision

Actions or resolution made by business leaders or managers concerning the strategic operation, personnel, or policies of a company.

Med-Arb

A hybrid dispute resolution process combining aspects of mediation and arbitration, where a mediator may become an arbitrator if issues cannot be resolved through mediation alone.

Neutral Third Party

An impartial entity involved in resolving disputes or negotiations between two other parties.