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Which of the following represents the first stage in socialization process?
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.
Repayment Plan
A strategy agreed upon between a creditor and a debtor to pay back an outstanding debt within a specified timeline.
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