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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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HopefullyInLawSchool
16:03
@UnderRepresentedTryhard: Yes only for YM applicants tho
RoaldDahl
16:05
dodged the mich r wave what does this mean
HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
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