MetaGlossary.com: Discharge Of Bankruptcy

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Keywords: Bankruptcy, Debtor, Proceedings, Forgiven, Bankrupt

Related Terms: Receivership, Debtor In Possession, Cramdown, Bankruptcy, Bankrupt, Assignee, Discharge, Garnishee, Garnishment, Insolvent, No Asset Case, Preference, Preferred Creditor, Proof Of Claim, Chapter 7 Bankruptcy, Reaffirmation Agreement, Voluntary Bankruptcy, Chapter 11, Charging Order, Automatic Stay, Dischargeable Debt, Perfection, Chapter 7, Exemption, Garnishee Order, Bankruptcy Estate, Reaffirm, Relief From Stay, Schedules, Bankruptcy Trustee, Discharged Bankrupt, Bankruptcy Discharge, Trustee In Bankruptcy, Preferential Creditor, Involuntary Bankruptcy, Individual Voluntary Arrangement, Exempt, Garnish, Bankruptcy Petition, Preferential Transfer, Proposal, Reaffirmation, Statutory Demand, Summary Administration, Proof Of Debt, Adequate Protection, Debtor-In-Possession, Plan Of Reorganization, Meeting Of Creditors, Bankruptcy Order

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A court order terminating bankruptcy proceedings, usually relieving the debtor of his/her obligation.

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Refers to a court order which terminates bankruptcy proceedings and frees the debtor of legal responsibility for dischargeable debts and other specified obligations.

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The termination of bankruptcy proceedings, resulting in cancellation of the debtor's obligations.

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Order ending bankruptcy proceedings. It usually releases the debtor of any legal liability for specific obligations.

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Court order whereby the bankrupt debtor is forgiven of his or her debts. A bankruptcy remains on a credit report for 10 years.

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