In other words, the creditor no longer has any right to collect an outstanding debt from the person declaring bankruptcy.
Investment dictionary. Academic. 2012.
discharge in bankruptcy — n. The release of a bankrupt person from his or her debts. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. discharge in bankruptcy … Law dictionary
discharge from bankruptcy — ➔ bankruptcy … Financial and business terms
discharge in bankruptcy — UK US noun [U] (UK FINANCE, LAW ► an order from a court that allows someone who is legally bankrupt to stop owing money for particular debts: »Although a bankrupt’s name may be removed from the register within a year after discharge from… … Financial and business terms
discharge in bankruptcy — /ˌdɪstʃɑ:dʒ ɪn bæŋkrʌptsi/, discharge of bankruptcy noun the legal process of being released from bankruptcy after paying your debts … Dictionary of banking and finance
discharge in bankruptcy — The release of a bankrupt from all of his debts which are provable in bankruptcy, except such as are excepted from discharge by the Bankruptcy Acts Bankruptcy Act § 1(15); 11 USC § 1(15) … Ballentine's law dictionary
discharge of bankruptcy — The termination of bankruptcy proceedings, resulting in cancellation of the debtor s obligations. Bloomberg Financial Dictionary … Financial and business terms
discharge in bankruptcy — An order given by a judge in a bankruptcy court, at the conclusion of all legal steps in processing a bankrupt person s assets and debts, which forgives (i.e., discharges) those remaining debts that cannot be paid with exceptions. Debts for… … Business law dictionary
discharge — An order from the Bankruptcy Court releasing the debtor from any and all dischargeable debts which arose prior to the petition date (SA Bankruptcy.com) The legal elimination of debt through a bankruptcy case. When a debt is discharged, it is no… … Glossary of Bankruptcy
discharge of bankrupt — For bankrupts who do not qualify for the automatic discharge, the trustee is required within one year from the beginning of the bankruptcy to apply to the court for a hearing of the application for a discharge. The court official has several… … Glossary of Bankruptcy
discharge of indebtedness — the satisfaction or elimination of the debts of the debtor by the bankruptcy court (Glossary of Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
