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Bankruptcy discharge

Legal & insolvency
The point at which most bankruptcy restrictions end.

Overview

Discharge usually happens after a set period, often 12 months.

Some restrictions can continue if a BRO is in place.

Why it matters

  • It marks the end of most bankruptcy restrictions.
  • It is the start of rebuilding credit.
  • It can affect your financial options going forward.

FAQs

Does discharge remove bankruptcy from my credit report?

No. The record remains for the normal reporting period.

Can I get credit after discharge?

It may be possible, but options are limited at first.

Related terms

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