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Creditors
Persons or entities to whom money is owed by debtors or borrowers.
Full Payment
The complete settlement of a debt or obligation, leaving no balance.
Court Approval
The formal endorsement by a judge or court of an action, agreement, or decision before it can legally take effect.
Preferential Payment
A payment made by a debtor that favors one creditor over others, often scrutinized in bankruptcy proceedings.
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