DISCHARGE OF BANKRUPT

discharge of bankrupt: translation

discharge of bankrupt: For bankrupts who do not qualify for the automatic discharge, the trustee is required within one year from the beginning of the bankruptcy to apply to the court for a hearing of the application for a discharge.
The court official has several options from which to choose. At the hearing, the court decides whether to postpone the hearing to a later date, refuse the discharge, or issue any of the following orders:
@ order of absolute discharge
Order of absolute dischargewhich relieves the bankrupt of the debts incurred before the bankruptcy, except for the exceptions provided in the Act.
@ order of conditional discharge
Order of conditional dischargewhere certain conditions must be met before an absolute order of discharge is issued.
@ order of suspended discharge
Order of suspended dischargewhere the court orders a delay before the discharge becomes effective. (Dictionary of Canadian Bankruptcy Terms)
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