discharge of (one's) liabilities

  • 1bankruptcy — /bangk rupt see, reuhp see/, n., pl. bankruptcies. 1. the state of being or becoming bankrupt. 2. utter ruin, failure, depletion, or the like. [1690 1700; BANKRUPT + CY] * * * Status of a debtor who has been declared by judicial process to be… …

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  • 2insolvency — in·sol·ven·cy /in säl vən sē/ n pl cies 1: the fact or state of being insolvent compare bankruptcy 2: insufficiency (as of an estate) to discharge all enforceable debts ◇ Insolvency matters are covered under the Bankruptcy Code. Merriam …

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  • 3Cancellation of Debt (COD) Income — Part of a series on Taxation Taxation in the United States …

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  • 4Bankruptcy in Canada — The procedures and legal consequences of consumer bankruptcy in Canada are governed by Canadian federal legislation.OverviewConsumer bankruptcy is a legislative procedure under Bankruptcy and Insolvency Act ( the BIA ) *(1) complemented by… …

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  • 5Sellafield — Aerial view of the site …

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  • 6carriage of goods — ▪ law Introduction       in law, the transportation of goods by land, sea, or air. The relevant law governs the rights, responsibilities, liabilities, and immunities of the carrier and of the persons employing the services of the carrier.… …

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  • 7Lloyd's of London — Not to be confused with Lloyds TSB or Lloyd s Register. Lloyd s redirects here. For other uses, see Lloyd This article is about the insurance market. For the film, see Lloyd s of London (film). Lloyd s Type Ins …

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  • 8international payment and exchange — ▪ economics Introduction international exchange also called  foreign exchange        respectively, any payment made by one country to another and the market in which national currencies are bought and sold by those who require them for such… …

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  • 9James K. Polk: Inaugural Address — ▪ Primary Source       Tuesday, March 4, 1845       Without solicitation on my part, I have been chosen by the free and voluntary suffrages of my countrymen to the most honorable and most responsible office on earth. I am deeply impressed with… …

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  • 10solvency — sol·ven·cy / säl vən sē/ n: the quality or state of being solvent Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. solvency …

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