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Why are 0 - 1 variables sometimes called logical variables?
Payment Plan
An agreement between a debtor and creditor that outlines how a debt will be paid off through scheduled installments over a period of time.
Order Of Relief
An order stating that bankruptcy proceedings can continue.
Voluntary Liquidation
The process initiated by a company's directors to voluntarily close down the business, sell its assets, and use the proceeds to pay off creditors before any remaining surplus is distributed to the shareholders.
Bankruptcy Estate
All legal or equitable interests of the debtor in property at the time of the bankruptcy filing, including all assets.
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