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LSDefine

Simple English definitions for legal terms

bankruptcy discharge

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A quick definition of bankruptcy discharge:

A bankruptcy discharge is a court order that releases a person from having to pay certain types of debts. This means that the person is no longer legally required to pay those debts and creditors cannot try to collect them. However, not all debts are discharged and if a creditor tries to collect a discharged debt, the person can ask the court to intervene. It's important to note that if a debt has a valid lien, the creditor can still enforce the lien to recover the property secured by the lien.

A more thorough explanation:

A bankruptcy discharge is a legal ruling by a bankruptcy court that releases a debtor from personal liability for certain types of debts. This means that the debtor is no longer legally required to pay the debts that are discharged. The discharge prohibits creditors from taking any collection action on discharged debts, including legal action and communication with the debtor.

For example, if a person files for bankruptcy and their credit card debt is discharged, the credit card company cannot continue to demand payment or take legal action to collect the debt.

However, not all debts are discharged. A valid lien that has not been avoided in the bankruptcy case will remain after the bankruptcy. This means that a secured creditor may enforce the lien to recover the property secured by the lien. Additionally, the court may revoke a discharge based on allegations, or a debtor who has received a discharge may voluntarily repay any discharged debt even though it can no longer be legally enforced.

Overall, a bankruptcy discharge provides relief to debtors by releasing them from certain debts and prohibiting creditors from taking collection action on those debts.

bankruptcy court | bankruptcy estate

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texaslawhopefully
22:32
Glad they have good Thai food, I love Thai food! Can’t wait to visit :)
22:33
when tex goes to ithaca i want to come
Dkk
22:34
Crying Tiger, best Thai dish.
damn im so hungry all i had today was a curry tonkatsu and buldak
and it was a lil baby noodle cup
vvv hungry
22:36
curry tonkatsu so yummeh
22:36
whats even open rn? pizza?
CTB is it i think
22:37
is collegetown pizza not open
22:37
i used to get a slice from there or wings over at like 1am after my shift at the restaurant
Dkk
22:48
Ross Ulbricht free. God Bless Trump. Huge win.
JeremyFragrance
22:54
agreed
texaslawhopefully
22:55
This is an interesting read: https://thedispatch.com/article/birthright-citizenship-trump-implications/
Dkk
23:01
I mean, idk how it's possible to end birth right citizenship without amending the constitution because to me the 14th amendment is pretty clear about it.
ross ulbricht tried to hire a hitman to kill 5 people
i am not that sympathetic to him
Dkk
23:04
@KnowledgeableRitzyWasp: That might have been an FBI agent. It was most likely him and he was most likely doing it to retrieve stolen funds that corrupt FBI agents stole, but yeah moral gray area but me personally, cool with hitmen. It's not like it is uncommon to hire hitmen. I don't think the action itself is necessarily wrong but the intent behind it can be.
Dkk
23:05
Like, Boeing whistblowers being killed by hitmen = wrong but a guy hiring hitmen to retrieve stolen funds = good to me.
texaslawhopefully
23:05
@Dkk: Yeah, for sure. My guess is it'll go to SCOTUS and it'll be 8-1 or 7-2, saying that EO was unconstitutional.
Dkk
23:06
Indeed. I need a count for how many exectuive orders he has signed and how many already have pending lawsuits.
i've been away for a while what were the most recent waves? any this week?
lilypadfrog
8:12
hi shawties
lilypadfrog
8:16
who’s getting into a law school today raise your hand
jackfrost11770
8:28
I sure hope so at this point
lilypadfrog
8:28
woooo
lilypadfrog
8:28
jackfrost for law school
jackfrost11770
8:29
LILYPADFROG FOR LAW SCHOOL
jackfrost11770
8:29
I really just love how now there's an executive order that says I don't exist as a person
jackfrost11770
8:29
Do I not have to pay taxes now? Loans? What now
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