dischargeable debt
dischargeable debt
a debt for which the bankruptcy code allows the debtor's personal liability to be eliminated (Glossary of Common Bankruptcy Terms)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

Look at other dictionaries:

  • non-dischargeable debt — a debt that cannot be eliminated in bankruptcy (Glossary of Common Bankruptcy Terms) A debt that is excluded from the Debtor s discharge on one or more of the grounds enumerated in the Bankruptcy Code. See 11 U.S.C. § 523 (SA Bankruptcy.com)… …   Glossary of Bankruptcy

  • debt — n [Old French dette, ultimately from Latin debita, plural of debitum debt, from neuter of debitus, past participle of debere to owe] 1: something owed: as a: a specific sum of money or a performance due another esp. by agreement (as a loan… …   Law dictionary

  • dischargeable debts — Debts that can be wiped out in bankruptcy, such as credit card debts, medical bills, and back rent. Compare: nondischargeable debts Category: Bankruptcy, Foreclosure & Debt → Bankruptcy Nolo’s Plain English Law Dictionary. Gerald N. Hill,… …   Law dictionary

  • non dischargeable — A debt that cannot be eliminated in bankruptcy. Non dischargeable debts remain legally enforceable despite the bankruptcy discharge. The Code s list of non dischargeable debts is found at 11 U.S.C. 523. The scope of the discharge in Chapter 13… …   Glossary of Bankruptcy

  • nondischargeable debt — a debt that cannot be eliminated in bankruptcy (Glossary of Common Bankruptcy Terms) A debt that is excluded from the Debtor s discharge on one or more of the grounds enumerated in the Bankruptcy Code. See 11 U.S.C. § 523 (SA Bankruptcy.com)… …   Glossary of Bankruptcy

  • 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

  • reaffirmation agreement — An agreement by a chapter 7 debtor to continue paying a dischargeable debt after the bankruptcy, usually for the purpose of keeping collateral or mortgaged property that would otherwise be subject to repossession (SA Bankruptcy.com) A bankruptcy… …   Glossary of Bankruptcy

  • reaffirm — re·af·firm /ˌrē ə fərm/ vt 1: to affirm again 2: to agree to the payment of (a dischargeable debt) with a creditor prior to the discharge of debts in bankruptcy reaffirm ed her debt in order to keep her car re·af·fir·ma·tion / ˌa fər mā shən/ …   Law dictionary

  • reaffirmation agreement — USA A Chapter 7 debtor s agreement to continue paying a dischargeable debt after a bankruptcy. This usually happens to prevent repossession of collateral. Practical Law Dictionary. Glossary of UK, US and international legal terms.… …   Law dictionary

  • discharge — dischargeable, adj. discharger, n. v. /dis chahrj /; n. /dis chahrj, dis chahrj /, v., discharged, discharging, n. v.t. 1. to relieve of a charge or load; unload: to discharge a ship. 2. to remove or send forth: They discharged the cargo at New… …   Universalium

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