Examlex
It has been found that relatively larger weight has been given to negative information over positive information in the interviewer's decision, even for experienced interviewers.
Debtor
An individual or entity that owes money to another party.
Insolvent
A state where an individual or organization cannot meet its financial obligations as debts come due.
Chapter 7
A provision under the U.S. Bankruptcy Code that provides for the liquidation of a debtor's assets to repay creditors.
Voluntary Petition
A document filed by an individual or business in a bankruptcy court to initiate bankruptcy proceedings voluntarily.
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