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discharge in bankruptcy |
Also found in: Legal, Wikipedia | 0.01 sec. |
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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.Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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