Bankruptcy debt
A debt that falls within a bankruptcy and is dealt with under the rules of the bankruptcy estate, subject to statutory exceptions.
Related terms
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Discharge from bankruptcy
The point at which most bankruptcy restrictions end and the bankrupt is released from most debts covered by the bankruptcy, subject to exceptions.
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Bankruptcy estate
The pool of assets and rights that pass to or are controlled by the trustee for the purposes of administering a bankruptcy.
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Bankruptcy order
The formal order that places a person into bankruptcy and triggers the legal consequences of the process.
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