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Bankruptcy Petition
A legal document filed by an individual or business entity declaring inability to meet financial obligations to creditors, seeking relief through bankruptcy proceedings.
Cash Reserves
Funds that a company or individual keeps on hand to meet short-term and emergency funding requirements.
Reorganization
A comprehensive restructuring of a company's business, legal, or ownership structure, often aimed at improving profitability or efficiency.
Interest Earned
The income received from investments in securities such as savings accounts, certificates of deposit (CDs), bonds, or loans.
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