Debts that cannot be eliminated by the filing of bankruptcy, including Chapter 7 bankruptcy. With regard to Chapter 13 bankruptcy, nondischargeable debts are required to be paid in full during the payment plan or there will be a balance at the end of the case. The most common nondischargeable debts are most income taxes, alimony and child support, most student loans and … [Read more...] about NONDISCHARGEABLE DEBTS
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NONLAPSE STATUTE
See anti-lapse statute. … [Read more...] about NONLAPSE STATUTE
NONDISCLOSURE
To keep secret, not to disclose to others. See nondisclosure agreement where parties agree not to disclose or keep confidential private and non-public information concerning the parties to a transaction. … [Read more...] about NONDISCLOSURE
NON-LEVIABLE
Not subject to be levied upon. Non-leviable assets are assets upon which an execution cannot be levied. Farmers' F. Ins. Co. v. Conrad, 102 Wis. 387, 78 N. W. 582. Non licet quod dispendio lioet. That which may be [done only] at a loss is not allowed [to be done.] The law does not permit or require the doing of an act which will result only in loss. The law forbids such … [Read more...] about NON-LEVIABLE
NONDISCLOSURE AGREEMENT (NDA)
A binding agreement between persons or entities where either one party or all parties agree not to disclose information that may be exchanged between the parties that is confidential in nature and to treat specific information as a trade secret. Nondisclosure agreements are frequently used when parties discuss a potential business relationship that includes development, … [Read more...] about NONDISCLOSURE AGREEMENT (NDA)