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Bankruptcy Trustee
An official appointed by the court in bankruptcy cases to oversee and manage the debtor's estate, including the collection and disposition of assets.
Chapter 7
A provision of the U.S. Bankruptcy Code that involves the liquidation of a debtor's assets to pay off creditors.
Debtor's Estate
All legal rights, interests, and properties owned by a debtor at the time of bankruptcy filing.
Creditor
A person or entity that lends money or extends credit to another party.
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