Order of discharge

Order of discharge,

Definition of Order of discharge:

  1. Contract: Court orders termination of contractual obligations

  2. Bankruptcy: A court order issued automatically at the end of the bankruptcy proceedings or (depending on the circumstances of each case) at the request of the competent guardian or in the event of bankruptcy. In general, it reduces the bankruptcy of all existing and potential debtors and frees them from legal restrictions on incomplete bankruptcy.

Meaning of Order of discharge & Order of discharge Definition