Examlex
Lean concepts discussed in the text do not include which of the following?
Unsecured Creditors
Creditors who have claims on the assets of a debtor but no collateral securing those claims.
Non-exempt Asset
An asset that is not protected under bankruptcy laws and can be seized to satisfy creditor claims.
Perfected Security Interest
A legal state where a creditor has taken the necessary steps to establish and maintain a priority claim on a debtor's collateral in case of default.
General Unsecured Creditors
Creditors who have claims against a debtor without specific collateral backing those claims, ranking below secured creditors in priority for repayment.
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