Examlex
A breach of contract is said to have occurred only if both the parties do not perform their duties as specified in the contract.
Federal Exemptions
Legal provisions that allow individuals or entities to exclude certain assets or incomes from taxation under federal law.
Chapter 7
A provision of the Bankruptcy Code that provides for the liquidation of a debtor's assets to pay off creditors.
Bankruptcy Relief
Legal processes and protections afforded to individuals or corporations that are unable to repay their debts, aimed at providing a fresh start or reorganization.
Federal Exemptions
Protections and privileges granted under federal law, often in bankruptcy, that allow individuals to retain certain assets from creditors.
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