FOLIO Ontology

Bankruptcy Discharge Order

IRI:
https://folio.openlegalstandard.org/RsRtyiHal5LpCp4JZhZyCD
Preferred Label Discharge of Debtor
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Definition

A bankruptcy discharge order is a court-issued order that releases a debtor from personal liability for certain debts, preventing creditors from taking further collection actions. It signifies the conclusion of a bankruptcy case and provides the debtor with a fresh financial start, although certain debts may not be discharged, such as certain taxes, student loans, or child support obligations

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