Examlex
Which one of these states is not included in the early entrants of the controversial legal arena?
Voluntary Petition
A document filed by an individual or business entity initiating bankruptcy proceedings under their own accord.
Chapter 7
A provision of the bankruptcy code that allows for liquidation of a debtor's assets to pay off creditors.
Involuntary
Occurring without an individual's consent or will.
Uniform Commercial Code
A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and simplify the law across the country.
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