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If the nonmetric variables are nominal and numeric,Spearman's rho and Kendall's tau are two measures of nonmetric correlation that can be used to examine the correlation between them.
Bankruptcy Procedure
The legal process under bankruptcy laws for dealing with the debt of individuals or entities that cannot pay their creditors.
Creditors
Individuals or entities that lend money or extend credit to others.
Chapter 13
A type of bankruptcy in the United States that allows individuals with a regular income to develop a plan to repay all or part of their debts.
Payment Plan
An agreement to pay off a debt over a set period of time in scheduled installments.
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