Dischargeable debt
Term · Law · MLC-T-LAW-000085
A debt for which the Bankruptcy Code allows the debtor's personal liability to be eliminated.
Financial obligations that a debtor can legally eliminate through bankruptcy proceedings. These debts are typically unsecured and do not include certain categories like student loans, child support, or most taxes. The specific types of debts that qualify for discharge are enumerated in bankruptcy codes, such as Chapter 7 of the U.S. Bankruptcy Code.
| Identifier | MLC-T-LAW-000085 |
|---|---|
| Field | Law |
| References | U.S. Courts Glossary of Legal Terms |
Record as JSON
{
"id": "MLC-T-LAW-000085",
"term": "Dischargeable debt",
"field": "Law",
"definitions": [
"A debt for which the Bankruptcy Code allows the debtor's personal liability to be eliminated.",
"Financial obligations that a debtor can legally eliminate through bankruptcy proceedings. These debts are typically unsecured and do not include certain categories like student loans, child support, or most taxes. The specific types of debts that qualify for discharge are enumerated in bankruptcy codes, such as Chapter 7 of the U.S. Bankruptcy Code."
],
"references": [
"U.S. Courts Glossary of Legal Terms"
],
"url": "https://mlchart.com/terminology/law/dischargeable-debt/"
}
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