Oct 17, 2005 01:05
18 yrs ago
English term
his discharge (UK En)
English
Law/Patents
Finance (general)
bankruptcy
Insolvency proceedings (Bankruptcy) in UK
Effects of the opening of proceedings.
Personal Insolvency
Generally, all debts and liabilities, present or future, certain or contingent, to which the debtor is subject at the date of the receiving order, or to which he may become subject before his discharge by reason of any obligation incurred before the date of the receiving order, constitute debts provable in bankruptcy.
At first I thought "discharge" was about paying the debts, but the wording "his discharge" troubles me. I am not sure if I understand this correctly.
Thanks in advance.
Effects of the opening of proceedings.
Personal Insolvency
Generally, all debts and liabilities, present or future, certain or contingent, to which the debtor is subject at the date of the receiving order, or to which he may become subject before his discharge by reason of any obligation incurred before the date of the receiving order, constitute debts provable in bankruptcy.
At first I thought "discharge" was about paying the debts, but the wording "his discharge" troubles me. I am not sure if I understand this correctly.
Thanks in advance.
Responses
+7
50 mins
Selected
the release of the debtor from monetary obligations upon adjudication of bankruptcy
p. 475, Black's Law Dictionary, Seventh Edition, 1999
4 KudoZ points awarded for this answer.
Comment: "Thanks a lot! :)"
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