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a discharged debt
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debt — n [Old French dette, ultimately from Latin debita, plural of debitum debt, from neuter of debitus, past participle of debere to owe] 1: something owed: as a: a specific sum of money or a performance due another esp. by agreement (as a loan… … Law dictionary
Debt Conciliation Board — Debt Conciliation Board, Govt. of Haryana कर्ज निपटान बोर्ड, हरियाणा सरकार Official logo of Revenue Department, Haryana Agency overview Formed 28 January 2007 Jurisdiction … Wikipedia
Discharged — Discharge Dis*charge , v. t. [imp. & p. p. {Discharged}; p. pr. & vb. n. {Discharging}.] [OE. deschargen, dischargen, OF. deschargier, F. d[ e]charger; pref. des (L. dis) + chargier, F. charger. See {Charge}.] 1. To relieve of a charge, load, or… … The Collaborative International Dictionary of English
debt — debtless, adj. /det/, n. 1. something that is owed or that one is bound to pay to or perform for another: a debt of $50. 2. a liability or obligation to pay or render something: My debt to her for advice is not to be discharged easily. 3. the… … Universalium
Debt Discharge — The cancellation or forgiveness of a debt. Debt discharge results in taxable income to the debtor unless the forgiveness is a gift or bequest. When a debt is discharged by an institution, the debtor will usually receive a Form 1099 C that shows… … Investment dictionary
Nonrecourse debt — Non recourse debt or a non recourse loan is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable. If the borrower defaults, the lender/issuer can seize the… … Wikipedia
Cancellation of Debt (COD) Income — Part of a series on Taxation Taxation in the United States … Wikipedia
Mortgage Forgiveness Debt Relief Act of 2007 — The Mortgage Forgiveness Debt Relief Act was introduced in Congress on September 25, 2007, and became law on December 20, 2007. This act offered relief to homeowners who would formerly owe taxes on forgiven mortgage debt after facing foreclosure … Wikipedia
unscheduled debt — A debt that should have been listed by a debtor in the schedules filed with the court but was not. (Depending on the circumstances, an unscheduled debt may or may not be discharged.) (BankruptcyAction.com) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
discharge — An order from the Bankruptcy Court releasing the debtor from any and all dischargeable debts which arose prior to the petition date (SA Bankruptcy.com) The legal elimination of debt through a bankruptcy case. When a debt is discharged, it is no… … Glossary of Bankruptcy
Bankruptcy — Notice of closure attached to the door of a computer store the day after its parent company declared bankruptcy (strictly, put into administration see text) in the United Kingdom. Bankruptcy is a legal status of an insolvent person or an… … Wikipedia