Meaning of “discharge in bankruptcy” in the English Dictionary


"discharge in bankruptcy" in Business English

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discharge in bankruptcynoun [ U ]

uk us 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)