Examlex
Describe the potential negative consequences to forgiveness.
Bankruptcy
A ruling granted by courts to release businesses or individuals from some or all of their debt.
Chapter 11
A form of bankruptcy involving the reorganization of a debtor's business affairs, debts, and assets, named after the U.S. bankruptcy code 11.
Bankruptcy Filings
Legal processes by which individuals or businesses declare their inability to pay off outstanding debts.
Median Income
This refers to the middle income value in a given list, where half the incomes are higher and half are lower.
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