Discharged Bankruptcy

What is discharged bankruptcy?

Discharged Bankruptcy Definition: A discharge in bankruptcy is a permanent court order that allows a debtor to be released from any and all liability to pay off remaining debts. This release of personal liability may refer to all or most debts, as there may be exceptions based on individual circumstances.

The discharge process is often done at the end of a bankruptcy. A discharge absolves the debtor from any obligation to repay debt. This process does not include certain types of loans, including alimony, child support, condo fees, student loans, DUI debts, and debt for payment to address injuries to a person or property.

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