Section 523 (discharge exceptions)

Section 523 of the U.S. Bankruptcy Code outlines certain debts that cannot be discharged or eliminated through bankruptcy. This means that even if you declare bankruptcy, you are still responsible for these debts. Common exceptions include student loans, certain taxes, child support, and debts incurred through fraud or willful misconduct. This section ensures that individuals maintain responsibility for specific obligations, promoting fairness to creditors and preventing abuse of the bankruptcy system.