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What is the difference between short-term storage and long-term storage?
Discharge
The release from legal obligation, such as the completion of a debt payment or the fulfillment of contractual duties.
Sole Proprietor
The owner of a sole proprietorship.
Installment Payments
Payments made regularly (monthly, quarterly, etc.) towards the settlement of a debt, allowing the debtor to pay off the amount owed over time.
Chapter 13 Debtor
An individual who files for Chapter 13 bankruptcy, seeking to reorganize their debts and establish a plan to repay creditors over time.
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