Asked by Vianny Encalada on Jul 05, 2024
Verified
In a Chapter 7 proceeding, the primary effect of a discharge is to void any judgment on a discharged debt and to prohibit any action to collect it.
Chapter 7 Proceeding
A bankruptcy process providing for the liquidation of a debtor's non-exempt assets to pay off creditors.
Discharge
The completion, termination, or annulment of a legal duty or obligation, such as the payment of a debt or the performance of a contract.
Discharged Debt
Debt that has been forgiven or deemed uncollectable, freeing the debtor from the obligation to pay.
- Understand the circumstances that determine the approval or rejection of a bankruptcy discharge.
Verified Answer
Learning Objectives
- Understand the circumstances that determine the approval or rejection of a bankruptcy discharge.
Related questions
In a Chapter 11 Proceeding, for an Individual Debtor ...
If There Is a Presumption of Abuse, the Trustee Must ...
While Certain Debts of an Individual Are Not Dischargeable Under ...
Discharge Relieves the Debtor in Bankruptcy from Liability for All ...
Dave Owes $100,000 to Cindy and $100,000 to Connie ...