Examlex
Habib, a writer, uses Microsoft Word to write, edit, and prepare his manuscripts for publication. Microsoft Word helps Habib to complete his work with minimal effort. In this scenario, Habib is using _____.
Debtor's Estate
All legal or equitable interests of the debtor in property at the time of bankruptcy filing.
Involuntary Petitions
Legal filings typically used in bankruptcy laws, forcibly initiating bankruptcy proceedings against a debtor by creditors.
Chapter 7
A provision of the bankruptcy code that provides for "liquidation," wherein a debtor's non-exempt assets are sold and the proceeds distributed to creditors.
Chapter 11
A provision under the US Bankruptcy Code that allows businesses and individuals to reorganize their debts while keeping their assets.
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