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Emperor Franz Joseph
Discharge
Completion or termination of an obligation, such as paying off a debt or being released from a contractual duty.
Bankruptcy Proceeding
A legal process in which individuals or entities who cannot pay their debts seek relief through the court system.
Chapter 11
A provision of the United States Bankruptcy Code that allows businesses to reorganize and restructure their debts.
Debtor Corporation
A business entity that owes money to creditors.
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