Examlex
MS is characterized by:
Debtor
An individual or entity that owes money to another; the party with a debt obligation.
Family Home
A residence occupied by a family, often offering a sense of security and belonging, and sometimes afforded specific legal protections.
Bankruptcy
A legal proceeding involving a person or business that is unable to repay outstanding debts.
Debts Discharged
The cancellation of a debtor's obligation to pay a debt after fulfilling certain conditions, often under bankruptcy procedures.
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