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discharge in bankruptcy
(redirected from Bankruptcy discharge)

   Also found in: Legal, Wikipedia 0.01 sec.
Discharge in Bankruptcy
The act of a bankruptcy court forgiving the debt of the person or company that has filed for bankruptcy. A discharge in bankruptcy means that the creditors have received as much as they are going to receive and that they no longer have the right to attempt to collect on debts.

discharge in bankruptcy
The release of a debtor from the payment of any and all debts except those specifically approved by a bankruptcy court.


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It is critical, however, that the property be foreclosed on and then taken completely out of the LLC's name before the bankruptcy discharge of the member occurs.
But we can disclose the Insolvency Service has secretly won a legal bid to have the 28-year-old's bankruptcy discharge suspended indefinitely.
However, the Insolvency Service won a suit on July 14 under which the former Atomic Kitten's bankruptcy discharge was "suspended indefinitely".
 
 
 
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