Discharge of Debts in Bankruptcy

MO-13-05-00-00

Definition
This category concerns the options and process of a bankruptcy discharge, when a court orders relieves a person from their obligation to pay a debt. This typically occurs at the end of a Chapter 7 or Chapter 13 bankruptcy hearing. Once a discharge happens, the creditor is prohibited from trying to collect the debt -- though they still may enforce liens attached to secured debts. Not all debts can be discharged in the different kinds of bankruptcy.
Mapped to other Taxonomies