Assertion: bankruptcy's obligation | /r/CapableOf | repay debt
Facets:
Source sentences:
text: Both types relieve the legal obligation to repay a debt, known as bankruptcy discharge.
text: Whether your bankruptcy filing can be labeled as “bad” is really a function of whether you intend to defraud the system or whether you have a moral obligation to pay debts that you plan to discharge in bankruptcy.
text: If you have a secured debt (a debt where the creditor has a lien on your property), bankruptcy can eliminate your obligation to pay the debt, but it won’t take the lien off the property—the creditor will still be able to recover the collateral.
text: After it is issued, the court absolves the debtor of the obligation to repay their debts, and creditors are not permitted to contact or pursue debtors for the outstanding debt.
text: When you receive an absolute bankruptcy discharge you will be released from any legal obligation to repay the debts that existed at the time you filed bankruptcy, with certain types of debts not being discharged in bankruptcy (such as fines or child support or alimony payments)
text: Once you have been discharged from bankruptcy, it means you are released from the obligation to repay the debts you owed when you filed for bankruptcy, and you become solvent again.
text: A discharge is a court order that releases you from obligations to pay debts.