Undischarged Bankrupt

(redirected from Undischarged Bankrupts)
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Undischarged Bankrupt

A person or organization who has filed for bankruptcy but has not received permission from the court to stop making payments on debts. Many debts are ultimately discharged (meaning forgiven), but some debts must be repaid even after the bankruptcy is finalized.
References in classic literature ?
The first strayed off into the infinite, heeding no appeals; the second was killed in the night by a fruit motor-waggon which fled before Grubb could get down; the third got itself entangled in the front wheel of a passing cyclist, who came through the plate glass, and proved to be an actor out of work and an undischarged bankrupt.
NEW rules aimed at ending the drought of basic bank accounts for undischarged bankrupts have been unveiled by the Government.
The Co-op - who recently stopped offering basic accounts to undischarged bankrupts - are backing a call from customer rights group Consumer Focus for the banking industry to agree minimum standards on basic accounts.
Their decision to stop the basic Cashminder account from taking on undischarged bankrupts means Barclays is now the only bank to offer such a service.
The Co-operative has announced it will no longer offer basic bank accounts to undischarged bankrupts, ie those who are within a year of having a bankruptcy order being made against them.
Swinson said, 'The withdrawal of a basic bank account for undischarged bankrupts is disappointing news.
The Co-op's decision to stop its basic Cashminder account from taking on undischarged bankrupts leaves Barclays as the only bank offering the service.
Charity Citizens Advice said the majority of banks were refusing to let undischarged bankrupts open even a basic bank account, that did not have a credit facility, despite there being no legal justification for this.
Honours went to ex-convicts and war profiteers and for the first time undischarged bankrupts and guilty parties in divorce proceedings.
He is now filing for bankruptcy and had to resign because Warwickshire's rules prevent undischarged bankrupts from being members of the club.
And don't forget the two undischarged bankrupts who claim they can help save one of the clubs by joining their board of directors.
Disqualified directors and undischarged bankrupts are banned from trading.