Discharging of debt

[Anthony]

On 9/28/07, Scott Castaline <skotchman at gmail.com> wrote:
> Recently I had to file for Chapter 7 Bankruptcy (USA) and have received the
> notice of discharge of debt. My question would be, how do I reflect this in
> GnuCash? I have version 2.2.0 on Fedora 7. All of my debts that were
> discharged are setup as liability accounts. I have searched in the archives
> and came up with nothing. Any suggestions?
>
Transfer the amounts from the liability accounts to canceled debt income.