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.
Related terms
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Automatic discharge
The point at which a person is released from most bankruptcy restrictions automatically after the statutory period, unless the law provides otherwise.
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Bankruptcy debt
A debt that falls within a bankruptcy and is dealt with under the rules of the bankruptcy estate, subject to statutory exceptions.
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Discharged bankrupt
A person whose bankruptcy discharge has taken effect, ending most bankruptcy restrictions but not necessarily every obligation connected with the case.
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