discharge from bankruptcy

discharge from bankruptcy
discharge from bankruptcy discharge from bankruptcy bankruptcy

Financial and business terms. 2012.

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  • discharge in bankruptcy — UK US noun [U] (UK FINANCE, LAW ► an order from a court that allows someone who is legally bankrupt to stop owing money for particular debts: »Although a bankrupt’s name may be removed from the register within a year after discharge from… …   Financial and business terms

  • discharge in bankruptcy — n. The release of a bankrupt person from his or her debts. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. discharge in bankruptcy …   Law dictionary

  • discharge in bankruptcy — /ˌdɪstʃɑ:dʒ ɪn bæŋkrʌptsi/, discharge of bankruptcy noun the legal process of being released from bankruptcy after paying your debts …   Dictionary of banking and finance

  • discharge in bankruptcy — The release of a bankrupt from all of his debts which are provable in bankruptcy, except such as are excepted from discharge by the Bankruptcy Acts Bankruptcy Act § 1(15); 11 USC § 1(15) …   Ballentine's law dictionary

  • Discharge In Bankruptcy — When a bankrupt person or company is legally free and clear of any obligation to repay certain debts. In other words, the creditor no longer has any right to collect an outstanding debt from the person declaring bankruptcy …   Investment dictionary

  • 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

  • Bankruptcy — State of being unable to pay debts. Thus, the ownership of the firm s assets is transferred from the stockholders to the bondholders. The New York Times Financial Glossary * * * bankruptcy bank‧rupt‧cy [ˈbæŋkrʌptsi] noun bankruptcies PLURALFORM… …   Financial and business terms

  • bankruptcy — Inability to pay debts. In bankruptcy of a publicly owned entity, the ownership of the firm s assets is transferred from the stockholders to the bondholders. Bloomberg Financial Dictionary Legal status of a company unable to pay creditors.… …   Financial and business terms

  • discharge of bankrupt — For bankrupts who do not qualify for the automatic discharge, the trustee is required within one year from the beginning of the bankruptcy to apply to the court for a hearing of the application for a discharge. The court official has several… …   Glossary of Bankruptcy

  • 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

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