Discharge of Debts
/ˈdɪs.tʃɑːrdʒ əv dɛts/
Definitions
- (n.) The act or process by which a debtor is legally released from the obligation to repay a debt, typically upon payment, settlement, or legal discharge.
The bankruptcy court confirmed the discharge of debts for the petitioner, relieving him of his financial obligations.
- (n.) The fulfillment or cancellation of a debt through payment, compromise, or set-off.
The discharge of debts was completed when the borrower paid the outstanding balance in full.
Forms
- discharge of debts
Related terms
See also
Commentary
Use precisely to denote legal release from debt obligations, often in bankruptcy law contexts.
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.