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English definition of “discharge in bankruptcy”

discharge in bankruptcy

noun [U]
 
 
(also bankruptcy discharge, discharge from bankruptcy, discharge of bankruptcy) UK FINANCE, LAW
an order from a court that allows someone who is legally bankrupt to stop owing money for particular debts: Although a bankrupt’s name may be removed from the register within a year after discharge from bankruptcy, credit reference agencies may keep records for six to ten years.
(Definition of discharge in bankruptcy from the Cambridge Business English Dictionary © Cambridge University Press)
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