What is a Bankruptcy Discharge?

A discharge in bankruptcy eliminates a debtor’s legal obligation to pay debts that are discharged.

The granting of a discharge is not a dismissal of the case and does not determine how much money, if any, the trustee will pay to creditors. Moreover, it does not always automatically result in the closing of a case. All contested matters, if any, must be resolved, and the appointed trustee must file a Final Report and Account and request entry of a Final Decree before the Clerk’s Office will close the case.

More: continued here

Bookmark the permalink.

Leave a Reply