Examlex
Discuss the following two theories of consolidation:
a. Entity
b. Patent company
Debts Discharged
The cancellation of a debtor's obligation to pay back a debt, often occurring through bankruptcy proceedings.
Discharging Debts
The process of legally eliminating the obligation to pay back certain debts, often under bankruptcy proceedings.
Order Of Relief
An Order of Relief is a court order in the context of bankruptcy that provides the debtor temporary protection from creditors, lawsuits, and collections.
Secured Creditor Claims
Claims by creditors who have the right to take specific assets of the debtor if the debt is not paid, due to some form of collateral or security interest.
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