Asked by sofia carvajal on Apr 23, 2024
Which of the following terms refers to a debtor being relieved of the obligation to pay debts?
A) Discharged
B) Extinguished
C) Discharged or extinguished
D) Forgotten
Discharged
Released from a contractual obligation or debt; in legal terms, often refers to being released from bankruptcy restrictions or obligations.
- Understand the protections and reliefs offered to debtors under bankruptcy law.
Learning Objectives
- Understand the protections and reliefs offered to debtors under bankruptcy law.
Related questions
Under the New Bankruptcy Code,alimony,child Support,and Social Security Payments Are ...
Stan Commits Securities Fraud and Takes $5,000,000 from a Variety ...
Environmental Law Is All Law Pertaining to Which of the ...
President Richard Nixon Created the Environmental Protection Agency in ...
The Two General Roles of Bankruptcy Include ...