Lists debts not discharged by bankruptcy

List of debts not discharged by bankruptcy are explained below in detail

Explanation:

Bankruptcy often gives account holders a new opening through either the liquidation or rearrangement of debts. In the two cases, the court is said to discharge the debts. Not all debts can be released, in any case, and a few are exceptionally hard to release. The most widely recognized debts not discharged by the court incorporate tax liens, student loans, mortgages. More importantly, debts which incur due to misconduct are fraud, recklessness and embezzlement behaviors. Some other debts that are not discharged by bankruptcy are court fees, social security tax and tax penalties.

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total

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