Dictionary
fresh start
the result that, after going through bankruptcy, a debtor is no longer responsible for debts incurred before filing for bankruptcy
The goal of bankruptcy is to give debtors a fresh start so they can start their economic lives over again.
Phrase Bank
- The main aim of Chapter 7 bankruptcy is to give an honest businessman a fresh start.
- Exemption statutes are to be liberally construed in favour of a debtor and his family and their fresh start.