Final answer:
FALSE. Student loans, child support, judgments for fraud or breach of trust, and judgments based on injuries caused by the debtor while under the influence of drugs or alcohol are non-dischargeable debts in bankruptcy.
Step-by-step explanation:
FALSE. Student loans, child support, judgments for fraud or breach of trust, and judgments based on injuries caused by the debtor while under the influence of drugs or alcohol are non-dischargeable debts in bankruptcy.
Non-dischargeable debts are debts that cannot be eliminated through bankruptcy. This means that even if an individual files for bankruptcy, they will still be responsible for repaying these types of debts. Some other examples of non-dischargeable debts include taxes owed to the government, fines and penalties imposed by a court, and debts resulting from fraudulent activities.
It's important for individuals considering bankruptcy to consult with an attorney or a financial professional to understand which debts can be discharged and which debts are non-dischargeable in their specific situation.