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Goals Established Prior to Commencing Negotiation Are Referred to As

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Goals established prior to commencing negotiation are referred to as:


Definitions:

Voluntary Petition

A legal document filed by an individual or business entity to declare bankruptcy of their own accord.

Creditor's Claim

A demand for payment submitted by a creditor to a debtor, often as part of a bankruptcy proceeding or estate settlement.

Debtor's Creditors

Entities or individuals to whom money is owed by the debtor.

Proof of Claim

A document filed by a creditor in a bankruptcy proceeding that outlines the amount owed by the debtor and the basis for the claim.

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