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What Are the Three Types of Goals

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What are the three types of goals?


Definitions:

Unpaid Wages

Compensation owed to employees for work performed that has not been paid by the employer, often leading to legal disputes.

Involuntary Petition

A legal procedure initiated by creditors requesting the bankruptcy court to declare a debtor bankrupt.

Automatic Stay

A legal provision that halts all judicial and administrative actions, including collection efforts, against a debtor immediately upon the filing of a bankruptcy petition.

Chapter 7

A section of the United States Bankruptcy Code that provides for the liquidation of a debtor's non-exempt assets to pay off creditors.

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