discharge
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 longer legally enforceable against the debtor, though any lien which secures the debt may survive the bankruptcy case. (Bankruptcy in Brief)

The release of a debtor from all debts previously owed, except those which are not allowed by the Bankruptcy Code (Legal Dictionary: Bankruptcy Law)

Discharge of debts is the goal of the debtor in a bankruptcy filing. The type of discharge depends on whether the debtor is a corporation or an individual. It also depends on the particular chapter under which the discharge is granted. Unless a specific debt is determined to be non-dischargeable, all of the debtor's debts become unenforceable. If a creditor attempts to enforce payment of a discharged debt, it violates the order of discharge.
also see non-dischargeable debt (Bernstein's Dictionary of Bankruptcy Terminology)

A release of a debtor from personal liability for certain dischargeable debts. (A discharge releases a debtor from personal liability for certain debts known as dischargeable debts (defined below) and prevents the creditors owed those debts from taking any action against the debtor or the debtor's property to collect the debts. The discharge also prohibits creditors from communicating with the debtor regarding the debt, including telephone calls, letters, and personal contact.) (BankruptcyAction.com)

To cancel or relieve a person of an obligation or responsibility. (Dictionary of Canadian Bankruptcy Terms)

United Glossary of Bankruptcy Terms 2012.

discharge
Discharge of debts is the goal of the debtor in a bankruptcy filing. The type of discharge depends on whether the debtor is a corporation or an individual. It also depends on the particular chapter under which the discharge is granted. Unless a specific debt is determined to be non-dischargeable, all of the debtor's debts become unenforceable. If a creditor attempts to enforce payment of a discharged debt, it violates the order of discharge. also see Non-Dischargeable Debt

US Bankruptcy 2012.


Glossary of Bankruptcy.

Synonyms:

Look at other dictionaries:

  • 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 — Saltar a navegación, búsqueda Discharge Información personal Origen …   Wikipedia Español

  • 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 — Discharge …   Википедия

  • Discharge — Dis*charge , n. [Cf. F. d[ e]charge. See {Discharge}, v. t.] 1. The act of discharging; the act of relieving of a charge or load; removal of a load or burden; unloading; as, the discharge of a ship; discharge of a cargo. [1913 Webster] 2. Firing… …   The Collaborative International Dictionary of English

  • Discharge — live in Rom 2006 Logo von Discharge …   Deutsch Wikipedia

  • discharge — [n1] setting free acquittal, clearance, disimprisonment, exoneration, liberation, pardon, parole, probation, release, remittance; concept 127 Ant. hold, imprisonment, incarceration, keep, retention discharge [n2] dismissal from responsibility ax …   New thesaurus

  • Discharge — Dis*charge , v. t. [imp. & p. p. {Discharged}; p. pr. & vb. n. {Discharging}.] [OE. deschargen, dischargen, OF. deschargier, F. d[ e]charger; pref. des (L. dis) + chargier, F. charger. See {Charge}.] 1. To relieve of a charge, load, or burden; to …   The Collaborative International Dictionary of English

  • Discharge — en concert à Rome en 2006 Pays d’origine …   Wikipédia en Français

  • Discharge — Dis*charge , v. i. To throw off or deliver a load, charge, or burden; to unload; to emit or give vent to fluid or other contents; as, the water pipe discharges freely. [1913 Webster] The cloud, if it were oily or fatty, would not discharge. Bacon …   The Collaborative International Dictionary of English

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