Definitions for "Bankruptcy discharge"
When a debt is discharged, it is no longer personally enforceable against the debtor. Bankruptcy discharge may happen as quickly as 12 months after being declared bankrupt but the bankruptcy will stay on the credit rating record for a period of up to six years
A debtor is discharged from bankruptcy after a period of approximately three years and the debt is treated as paid, however credit referencing agencies normally identify former bankrupts for a number of years afterwards.
a court order releasing a debtor from personal liability for all of his or her dischargeable debts and ordering creditors not to attempt to collect those debts from the debtor
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an affirmative defense which bars further proceedings