The debtor will be discharged 3 ? 5 months after the bankruptcy petition is submitted. Over 99% of individuals who file for bankruptcy receive a discharge.
One of the primary objectives of bankruptcy laws is to provide relief to individuals overwhelmed by debt and offer them an opportunity to start anew financially. The discharge of a bankrupt’s debt signifies the elimination of their financial obligations. The debtor will receive a discharge within 3 ? 5 months from the date of filing for bankruptcy. At this time, all debts (with certain exceptions) will be forgiven.
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