Can A Debt Obtained By Fraud Be Discharged
No, fraudulent debts cannot be discharged. The US Supreme Court has held that § 523(a)(2)(A) of the Bankruptcy Code precludes a debtor from discharging a debt obtained by fraud, regardless of the debtor's own culpability.
Related Articles
Fraudulent Transfers via Constructive Fraud
For a transfer to be a fraudulent transfer via constructive fraud according to UFTA (Uniform Fraudulent Transfer Act), it must say "YES" both of these questions: (1) Was there no exchange of reasonably equivalent value? FUFTA does not define ...
Fraudulent Transfers via Fraud in Fact
Section 5 of the Uniform Fraudulent Transfer Act states: (a) A transfer made or obligation incurred by a debtor is fraudulent as to a creditor, whether the creditor’s claim arose before or after the transfer was made or the obligation was incurred, ...
Do Government or Court Debts (Judgements) Go Away
Anyone can "ask for validation" of a contract or judgement. A private contract like one has with a home contractor or any federal agency - that debt will need to be paid. The federal and state governments are considered sovereign and therefore debts ...
What is The Difference Between Discharge and Charge-Off in Debt
The bankruptcy "discharge" is a court order that the creditors who are owed money, cannot do anything to collect those debts from the debtor. If the debt is marked "charge-off" then the debt is still the consumer's legal responsibility, even if the ...
Can Tickets, Fines, Tolls, Child Support, Alimony or Assessed Tax Debts Be Discharged
Even a bankruptcy will not discharge many tickets, tolls, fines, child support, alimony payments, and assessed tax debts. These are considered non-dischargeable debts, meaning they must be repaid. Though it depends on what the tickets or fine was ...