Debt Discharge
/ˈdɛt dɪsˌtʃɑrdʒ/
Definitions
- (n.) The release of a debtor from an obligation to repay a debt, typically by operation of law or agreement.
The bankruptcy court granted a debt discharge, freeing the debtor from further liability.
- (n.) A formal written release evidencing that a debt has been paid or settled.
He received a debt discharge document after paying off the loan.
Forms
- debt discharge
- debt discharges
Related terms
See also
Commentary
Commonly used in bankruptcy law to denote the elimination of personal liability for certain debts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.