Please Define the Following Key Terms

question 51

Short Answer

Please define the following key terms.
-electricity

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Definitions:

Exemptions

Provisions that allow certain individuals or entities to be excused from observing a particular law or regulation.

Chapter 11

A chapter of the U.S. Bankruptcy Code that provides for reorganization, usually involving a corporation or partnership, allowing the debtor to keep its business alive and pay creditors over time.

Chapter 13

A form of bankruptcy in the United States that allows individuals with a regular income to reorganize their debts and make a plan to repay all or part of them.

Bankruptcy Estate

The collective pool of assets comprising the legal debtor's property that is available to be used for the payment of debts in a bankruptcy proceeding.