Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What Is the Definition of a Discharged Bankruptcy?

April 26, 2017Bankruptcy definition discharged

0

Posted

What Is the Definition of a Discharged Bankruptcy?

1 Answer

0

Posted

Following the successful resolution of a bankruptcy petition, the case is said to be discharged. However, the timing of a discharge differs according to the type of bankruptcy petition that is filed. In addition, filing for bankruptcy does not always relieve the debtor from all his financial obligations, even when the bankruptcy has been discharged.