Examlex
Differentiate between gross national product (GNP)and gross domestic product (GDP).
Debtor in Possession
A status in bankruptcy proceedings where a debtor maintains possession and control of their assets while undergoing reorganization under the bankruptcy code.
Bankruptcy Judge
A judicial officer with the authority to preside over bankruptcy cases.
Chapter 11
A provision within the U.S. Bankruptcy Code that allows for the reorganization of a debtor's business affairs and assets.
Priority Debtors
Creditors that are given precedence over other creditors for repayment in the event of a debtor's bankruptcy or liquidation.
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