bankruptcy discharge

Englisch - Englisch

Definition von bankruptcy discharge im Englisch Englisch wörterbuch

(Kanun) A discharge in United States bankruptcy law, when referring to a debtor's discharge, is a statutory injunction against the commencement or continuation of an action (or the employment of process, or an act) to collect, recover or offset a debt as a personal liability of the debtor. The discharge is one of the primary benefits afforded by relief under the Bankruptcy Code and is essential to the "fresh start" of debtors following bankruptcy that is a central principle under federal bankruptcy law. A discharge of debts is granted to debtors but can be denied or revoked by the court based on certain misconduct of debtors, including fraudulent actions or failure of a debtor to disclose all assets during a bankruptcy case

termination of bankruptcy status, determination that one has repaid his debts and is therefore no longer bankrupt

Silbentrennung

bank·rupt·cy dis·charge

Türkische aussprache

bängkrıpsi dîsçärc

Aussprache

/ˈbaɴɢkrəpsē dəsˈʧärʤ/ /ˈbæŋkrəpsiː dɪsˈʧɑːrʤ/