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What are the usual employee and employer expectations in a psychological contract?
Bad Faith
Intentional dishonest act by not fulfilling legal or contractual obligations, misleading another, entering into an agreement without the intention or means to complete it, or violating basic standards of honesty in dealings.
Chapter 13
A type of bankruptcy under the United States Bankruptcy Code that allows individuals earning regular income to develop a plan to repay all or part of their debts.
Debtor's Petition
A formal request filed by an individual or business seeking relief from debt through bankruptcy proceedings.
Debts Dischargeable
Obligations that can be eliminated through bankruptcy, meaning the debtor is no longer legally required to pay them.
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