Definition
Dischargeable debt is debt that can be eliminated through bankruptcy.
Why It Matters
It allows individuals to recover financially after severe hardship.
Example
Credit card debt forgiven after bankruptcy.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
Dischargeable debt is debt that can be eliminated through bankruptcy.
It allows individuals to recover financially after severe hardship.
Credit card debt forgiven after bankruptcy.