Examlex
How did German and Japanese actions lead to the outbreak of war in Europe and Asia?
Creditors
Individuals or entities to whom money is owed by another individual or entity.
Chapter 7
A bankruptcy process providing for the liquidation of a debtor's non-exempt assets to pay off creditors.
Automatic Stay
A legal provision that halts lawsuits, foreclosures, garnishments, and all collection activity against the debtor the moment a bankruptcy petition is filed.
Repossess
The act of a lender taking back property from the borrower, typically due to failure to meet the terms of the loan agreement, such as defaulting on payments.
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