Examlex
A bond that is backed by the tolls collected from a bridge to be constructed from the proceeds of the bond is an example of:
Bankruptcy Law
The area of law that deals with the rules and processes through which individuals or businesses can eliminate or reorganize their debts under the jurisdiction of a federal bankruptcy court.
Debtors
Individuals or entities that owe money to another individual or entity.
Creditors
Individuals or entities to whom money is owed by a debtor.
Unsecured Creditors
Unsecured Creditors are individuals or entities that have loaned money without taking collateral and thus stand last in line to be paid if the debtor defaults or files for bankruptcy.
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