Debt Reduction   Friday, 09 May, 2008  
HomeAbout UsDebt CalculatorQ&A

Home > Discharge

Discharge

A legal discharge means a court has erased your debt(s) and is not to be confused with a "charge off" or "write off". A “charge off” or “write off” is an accounting discharge which does not erase debts. A discharge removes an obligation, burden, or responsibility by fulfilling the terms of the contract. For example, student loans are not discharged during a bankruptcy.

 

Back To Debt Glossary

Actual quote from client.
U.S. Chamber of Commerce Member 2006 California Chamber of Commerce Member 2004
I.A.P.D.A.