discharge in bankruptcy

noun [U] (also bankruptcy discharge, discharge from bankruptcy, discharge of bankruptcy) UK FINANCE, LAW

Definition

› 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 noun from the Cambridge Business English Dictionary © Cambridge University Press)