Discharge of Residual Debt

Cancellation of remaining debts at the end of insolvency.

At the end of personal insolvency, the remaining debts are cancelled (discharge of residual debt). The process takes three years to reach that point. The condition is that you fulfill your obligations.

The relevant statutes

§ 287 InsO§ 300 InsO

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Related terms

Compulsory Enforcement
Attachment (Garnishment)

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General explanation for self-help, not legal advice (RDG). Individual cases may differ: if in doubt, contact a consumer advice center or a lawyer.