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KembaraXtra – Legal Terms – Order of Discharge
An order of discharge is a court order releasing a bankrupt person from the legal disabilities associated with bankruptcy.
Once discharged, the bankrupt is generally freed from most debts that were provable in the bankruptcy proceedings.
The discharge marks the end of the bankruptcy status, although certain obligations and restrictions may still continue in limited circumstances.
The order may be granted automatically after a statutory period or earlier by court order.
Discharge does not necessarily remove liabilities arising from fraud or other excluded debts.
An order of discharge is a court order releasing a bankrupt person from the legal disabilities associated with bankruptcy.
Once discharged, the bankrupt is generally freed from most debts that were provable in the bankruptcy proceedings.
The discharge marks the end of the bankruptcy status, although certain obligations and restrictions may still continue in limited circumstances.
The order may be granted automatically after a statutory period or earlier by court order.
Discharge does not necessarily remove liabilities arising from fraud or other excluded debts.
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