Examlex
Which of the following statements is CORRECT?
Composition
The arrangement or structuring of elements within a work of art or document, or an agreement to settle debts by paying a reduced amount to creditors.
Debtor's Creditors
Individuals or entities to whom a debtor owes money or has a financial obligation.
Settlement
An agreement reached between parties in a dispute, where they resolve their differences without going to court.
Chapter 7
A provision of the U.S. Bankruptcy Code that provides for the liquidation of a debtor's assets to pay off creditors.
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