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If event A and event B cannot occur at the same time, then events A and B are said to be
General Unsecured Creditors
Creditors who have claims against a debtor without specific collateral backing those claims, ranking below secured creditors in priority for repayment.
Bankruptcy Estate
All legal and equitable interests of the debtor in property at the time of the bankruptcy filing.
Wages
Payments made to employees for their labor or services, typically calculated on an hourly, daily, or piecework basis.
Commencement
The act or time of beginning; refers to the start of something, such as a process, event, or period in time.
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