Examlex
What is the purpose of getting a record expunged?
Financial Risk
The hazard of suffering financial loss through an investment or business endeavor.
Business Risk
encompasses the potential for a firm's operational or financial performance to suffer due to internal or external factors, impacting profitability and viability.
Absolute Priority Rule
A principle in bankruptcy proceedings that senior creditors are paid before junior creditors and equity holders.
Bankruptcy Proceeding
A legal process involving a person or business that is unable to repay outstanding debts, seeking relief through the court's protection.
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