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Michael likes artisan bread and will drive to multiple stores to find his favorite brand. His brother, Matthew, loves bread but doesn't care about brands. For Michael, bread is a ________ good while for Matthew it is a ________ good.
Individual Debtor
A single person who owes money to a creditor.
Discharge
The act of releasing someone from their duties, obligations, or liabilities, or to fire someone from a job.
Bankruptcy Law
A legal framework governing the process through which individuals or entities who cannot repay debts to creditors may seek relief from some or all of their debts.
Debtors
Parties that are in debt to someone else.
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