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Automatic Discharge

Could you please explain what `automatic discharge` means? Thank you very much.

Posted from: Ontario

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One Response to “Automatic Discharge”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

An automatic discharge occurs when you have successfully completed all the duties and responsibilities that are associated with a bankruptcy. The discharge is the actual event that finalizes your bankruptcy and releases you from your debt. It is referred to as automatic when you have completed everything within the required time frames and therefore there is no need to go to court.