Examlex
Applied research is not scientific in nature.
Liquidation
The process of bringing a business to an end and distributing its assets to claimants.
Reorganization
Involves restructuring the legal, ownership, operational, or other structures of a company to make it more profitable or better organized for its present needs.
Unperfected Security Interest
A claim or lien on property or assets that has not been formally registered or publicized, making it vulnerable to third-party claims.
Bankruptcy Petition
A formal request filed in a bankruptcy court for protection from creditors, initiating the bankruptcy process.
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