- Debts that can be erased through bankruptcy. This includes most debts incurred before an individual or business declares bankruptcy. Compare nondischargeable debts.
Business law dictionary. 2015.
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dischargeable debts — Debts that can be wiped out in bankruptcy, such as credit card debts, medical bills, and back rent. Compare: nondischargeable debts Category: Bankruptcy, Foreclosure & Debt → Bankruptcy Nolo’s Plain English Law Dictionary. Gerald N. Hill,… … Law dictionary
dischargeable — Debts that can be eliminated in bankruptcy. Certain debts are not dischargeable; that it, they may not be discharged through bankruptcy or may only be discharged through Chapter 13. Family support and criminal restitution are examples of debts… … Glossary of Bankruptcy
nondischargeable debts — Debts that are not erased by filing for bankruptcy. In Chapter 7 bankruptcy, such debts remain when the case is over; in Chapter 13 bankruptcy, such debts have to be paid in full as part of the payment plan or remain as a balance at the end of … Business law dictionary
non dischargeable — A debt that cannot be eliminated in bankruptcy. Non dischargeable debts remain legally enforceable despite the bankruptcy discharge. The Code s list of non dischargeable debts is found at 11 U.S.C. 523. The scope of the discharge in Chapter 13… … Glossary of Bankruptcy
nondischargeable debts — Debts that cannot be wiped out in bankruptcy, such as alimony, child support, and most income tax debts. If you file for Chapter 7 bankruptcy, you will still owe these debts when your case is over. If you file for Chapter 13 bankruptcy, you will… … Law dictionary
non-dischargeable debt — a debt that cannot be eliminated in bankruptcy (Glossary of Common Bankruptcy Terms) A debt that is excluded from the Debtor s discharge on one or more of the grounds enumerated in the Bankruptcy Code. See 11 U.S.C. § 523 (SA Bankruptcy.com)… … Glossary of Bankruptcy
discharge — An order from the Bankruptcy Court releasing the debtor from any and all dischargeable debts which arose prior to the petition date (SA Bankruptcy.com) The legal elimination of debt through a bankruptcy case. When a debt is discharged, it is no… … Glossary of Bankruptcy
Bankruptcy in Canada — The procedures and legal consequences of consumer bankruptcy in Canada are governed by Canadian federal legislation.OverviewConsumer bankruptcy is a legislative procedure under Bankruptcy and Insolvency Act ( the BIA ) *(1) complemented by… … Wikipedia
reaffirmation agreement — An agreement by a chapter 7 debtor to continue paying a dischargeable debt after the bankruptcy, usually for the purpose of keeping collateral or mortgaged property that would otherwise be subject to repossession (SA Bankruptcy.com) A bankruptcy… … Glossary of Bankruptcy
Consumer bankruptcy in Canada — See also: Insolvency law of Canada Consumer bankruptcy in Canada is governed by the Bankruptcy and Insolvency Act ( BIA ).  The legislation is complemented by regulations, as well as directives from the Office of the Superintendent of… … Wikipedia