20 Jun 2010

What does “debts discharged” mean?

by David Ruben

What does “discharged” mean? The goal of a bankruptcy proceeding is to obtain a discharge of debts.  When a debt is discharged, it is no longer enforceable against the debtor personally. Personal liability When you have personal liability for a debt, a creditor with a judgment can use legal processes, like levy and garnishment, to […]