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Bankruptcy Legislation
Laws and regulations governing the process of bankruptcy, providing a legal framework for dealing with debt unable to be paid by an individual or entity.
Preference
A prioritization or favoring of certain options, creditors, or interests over others, often relevant in legal and financial contexts.
General Contractor
A primary contractor responsible for overseeing a construction project, managing subcontractors, and ensuring the work is completed as specified in the contract.
Trustee In Bankruptcy
The licensed professional appointed to administer the estate of a bankrupt for the benefit of the creditors.
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