Glossary Term Explained:

DISCHARGE

The relief a debtor seeks in filing a bankruptcy petition. The discharge is granted by order from the bankruptcy judge that presides over the matter. A discharge order means that the debtor is no longer legally responsible for his certain debts. A discharge only relieves the debtor legal responsibility from debts that are eligible for discharge. There are certain debts that are excluded from discharge. An example of a non-dischargeable debt would be debts owed that were incurred by fraud. Another example of a non-dischargeable debt would be damages caused by the debtor in relation to a conviction of driving under the influence.

FAQs Relating to Discharge

Q.  How long does is it take to receive a discharge in a bankruptcy? 

A.  A Standard run of the mill chapter 7 bankruptcy takes approximately 100 days from the time of filing.  This time period will be much longer if the chapter 7 is an asset case, a motion for relief is filed, an adversary proceeding is filed, an objection to discharge is brought, a motion to dismiss or deny a discharge filed by the United States Trustee, an extension of time to file a motion to dismiss is granted, or other ancillary issues addressing the ability of the debtor to be eligible for a discharge.