Examlex
Most foreign exchange transactions are conducted between commercial banks and household customers.
Order of Relief
An order stating that bankruptcy proceedings can continue.
Bankruptcy Relief
Legal measures available to individuals or businesses that cannot meet their debt obligations, allowing them to either restructure debts or discharge them under court supervision.
Reaffirmation Agreement
An agreement in which the debtor agrees to pay a debt even though it could have been discharged in bankruptcy.
Discharged Debt
Debt that has been formally released or forgiven, relieving the debtor of any further responsibility to repay it.
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