What is a Discharge? – NJ Bankruptcy Glossary

Definition of the NJ Bankruptcy Term – 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

Back to the NJ Bankruptcy Glossary


Need help understanding what Discharge means in bankruptcy?

Contact us at 732-965-3390 for a free bankruptcy consultation, or more help understanding what Discharge means in bankruptcy law.

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.