Why is a discharge of debt granted?
A) to divide the bankruptcy estate equally among all creditors
B) to relieve the debtor of the responsibility to pay some of or all of the debt
C) to divide the bankruptcy estate according to the debt owed to each creditor
D) to suspend certain legal actions by creditors against a debtor's property

Question

Quizplus · Accepted Answer

A discharge of debt is granted to relieve the debtor of the responsibility to pay some of or all of the debt. This allows the debtor to have a fresh start and move on from their financial struggles.

Why Is a Discharge of Debt Granted