Examlex
Which of the following is not an invasive procedure?
Receiverships
A legal process in which a court-appointed custodian administers the property, finances, or operations of a company for the benefit of creditors or other stakeholders.
Pro Rata
A term used to describe a proportionate allocation or distribution of something, like costs or income, among participants based on a specific formula.
Discharged
A term used in legal and financial contexts referring to the release or extinguishment of an obligation or debt.
Gap Creditor
A creditor who holds a claim against a debtor that is not secured by collateral and does not qualify for priority status in bankruptcy proceedings.
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