Examlex
Which of the following terms does not describe common law?
Bankruptcy Abuse Prevention
Part of the legal measures designed to prevent misuse of bankruptcy laws, including provisions to ensure that filings are genuine and to deter fraudulent or reckless bankruptcy claims.
Chapter 7
A provision of the bankruptcy code in the United States that provides for "liquidation," whereby a debtor's non-exempt assets are sold and the proceeds are used to pay creditors.
Automatic Stay
A self-operating postponement of collection proceedings against a debtor who has filed a petition for bankruptcy.
Collection Proceedings
The legal process initiated by creditors to recover money owed by a debtor.
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