What is a Discharge? – NJ Bankruptcy Glossary

Definition of the NJ Bankruptcy Term – Discharge

Discharge:

the act of permanently forgiving a debtor’s remaining debts after the bankruptcy estate is finalized and creditors have been paid with proceeds from the sale of eligible estate discharges

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Note: the above definition of Discharge was written in a simplified form for non-lawyers and may require a legal interpretation of how Discharge may impact your bankruptcy filing.