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Alimony Debts Can Be Discharged in Bankruptcy

question 32

True/False

Alimony debts can be discharged in bankruptcy.


Definitions:

Installment Note

A debt instrument that requires a series of payments over time, including interest and principal.

Annual Payment

A recurring payment made once a year, often related to loans, insurance policies, or subscriptions.

Cash

Currency and other items that are accepted by banks for deposit and are readily available for use.

Bond Issue Prices

The price at which a bond is sold to the public, which may be at a premium or discount to its face value.

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