A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Letter B

Bankruptcy: discharge from

After a period, which can be from 12 months depending on the circumstances of the bankruptcy, the debtor is discharged, this debt being treated as paid.

A discharged bankrupt is likely, however, to experience severe difficulties in borrowing money. Credit reference agencies will normally identify former bankrupts for 15 years after their discharge.