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You can improve the final outcome in the decision-making process if you acknowledge your biases and overtly attempt to control them.
Unsecured Creditors
Creditors who have loaned money without obtaining specific collateral, meaning they have no special claim to the borrower's assets if the borrower fails to pay.
Bankruptcy Discharge
The legal process that releases a debtor from personal liability for certain specified types of debts, effectively wiping the slate clean.
Bankruptcy Law
A legal framework governing the process by which individuals or entities unable to meet their financial obligations can seek relief from some or all of their debts.
Fraudulent Conveyance
The transfer of property with the intent to obstruct, delay, or defraud creditors.
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