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Law Office of Gordon Mosley
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What is the debt discharge in bankruptcy?

At the end of the bankruptcy process comes the debt discharge which allows the filing party to enjoy debt relief. Because of how important the debt discharge is to enjoying a fresh financial start, which is the reason the filing party likely filed for personal bankruptcy protection, it is important for those considering filing for bankruptcy or who have filed for bankruptcy to understand what the debt discharge process is like.

In general, the debt discharge comes at the end of any bankruptcy process including at the end of the Chapter 7 bankruptcy, Chapter 13 bankruptcy or Chapter 11 bankruptcy process. The bankruptcy discharge releases the filing party from liability for certain debts. It is permanent order that prohibits creditors from pursuing any of the debts that have been discharged. The timing of the debt discharge can vary depending on the type of bankruptcy that was filed but can range from 4 months following the filing of a Chapter 7 bankruptcy petition to a period of time considered by the court to be as soon as practicable in circumstances of other types of bankruptcy protection.

Provided the filing party has complied with the requirements of whatever bankruptcy process they have filed for, the debt discharge is usually automatic and will be issued as a valid order from the bankruptcy court. There are many complexities associated with the bankruptcy process generally and with the debt discharge so it is important for a party considering bankruptcy or who has filed for bankruptcy protection to be familiar with what those are and it is also important to understand which debts are discharged according to the bankruptcy process worked out.

There are different bankruptcy options available to help consumers and businesses in different circumstances enjoy debt relief. As a result, understanding the debt discharge, which is an extremely important part of obtaining debt relief and a fresh financial start, is essential.

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Law Office of Gordon Mosley

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