Absolute Discharge: Canada Debt .ca defines Absolute Discharge

Bankruptcy Term Absolute Discharge

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Canada Debt has the definition to the bankruptcy and debt term Absolute Discharge. Finding answers to terms such as Absolute Discharge can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Absolute Discharge in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Absolute Discharge' is used as follows:

This official document issued by the court relieves the debtor of the debts incurred before the debtor declared bankruptcy, taking under consideration the exceptions provided in the Act.