Discharge of debts

Discharge of debts refers to the legal process where a debtor's obligation to pay back certain debts is eliminated. This typically occurs through bankruptcy proceedings, where a court evaluates the debtor's financial situation and can release them from responsibility for some debts. Once discharged, the debtor is no longer liable to pay these debts, allowing them a fresh start financially. However, not all debts can be discharged; for example, student loans and certain taxes might remain. Discharge helps individuals manage overwhelming financial burdens and facilitates their ability to rebuild their financial lives.