discharge debts
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discharge — dis·charge 1 /dis chärj, dis ˌchärj/ vt 1: to release from an obligation: as a: to relieve of a duty under an instrument (as a contract or a negotiable instrument); also: to render (an instrument) no longer enforceable a formal instrument...may… … 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 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 — in the context to expel or to let go may refer to: A military discharge, issued when a member of the armed forces is released from service Termination of employment, the end of an employee s duration with an employer A patient discharge, the… … Wikipedia
discharge of debts — In bankruptcy, the bankruptcy court s action, at the end of the case, to wipe out the debts of the person or business that filed for bankruptcy. Once a debt is discharged, the debtor no longer owes it, and the creditor may no longer take action… … Law dictionary
debts not released by order of discharge — These are found in subsection 178(1) of the Act. They include: an award for damages in respect of an assault; a claim for alimony, or for support of a spouse or child; a debt arising out of fraud; any court fine; or debts or obligations for… … 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 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 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
discharge — To release; liberate; annul; unburden; disincumber; dismiss. To extinguish an obligation (e.g. a person s liability on an instrument); terminate employment of person; release, as from prison, confinement or military service. Discharge is a… … Black's law dictionary
