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• 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 In Bankruptcy — When a bankrupt person or company is legally free and clear of any obligation to repay certain debts. In other words, the creditor no longer has any right to collect an outstanding debt from the person declaring bankruptcy …   Investment 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

• Bankruptcy discharge — Bankruptcy in the United States Bankruptcy in the United States Authority · History U.S. Trustee Court  …   Wikipedia

• bankruptcy — bank·rupt·cy / baŋ ˌkrəp sē/ n pl cies 1: the quality or state of a bankrupt filed for bankruptcy 2: the administration of an insolvent debtor s property by the court for the benefit of the debtor s creditors the debt was discharged in bankruptcy …   Law dictionary

• bankruptcy proceedings — The way a bankruptcy case wends its way through the court system, from the time the bankruptcy petition is filed until the debtor receives a bankruptcy discharge. Category: Bankruptcy, Foreclosure & Debt → Bankruptcy Nolo’s Plain English Law… …   Law dictionary