Reference no: EM131204730

These debts are not discharged by bankruptcy:

• Income taxes for the three years prior to filing and property taxes for the prior year
• Money obtained fraudulently
• Any loan of more than $600 that a consumer uses to purchase luxury goods within 90 days before the order for relief is granted
• Cash advances on a credit card totaling more than $875 that an individual debtor takes out within 70 days before the order of relief
• Debts omitted from the Schedule of Assets and Liabilities that was filed with the petition, if the creditor did not know about the bankruptcy and therefore did not file a proof of claim
• Money that the debtor stole or obtained through a violation of fiduciary duty
• Money owed for alimony, maintenance, or child support
• Debts stemming from intentional and malicious injury
• Fines and penalties owed to the government
• Liability for injuries caused by the debtor while operating an automobile under the influence of drugs or alcohol
• Liability for breach of duty to a bank
• Debts stemming from a violation of securities laws.
• Student loans can be discharged only if repayment would cause undue hardship

What is the logic behind making these debts non-dischargeable?