Examlex
A(n)____________________ gauge is a thin strip of metal or plastic of known and closely controlled thickness.
Bankruptcy Trustee
A legally appointed individual responsible for managing the financial affairs of a person or business declared bankrupt, including asset liquidation and disbursing proceeds to creditors.
Chapter 7 Bankruptcy
A process under federal law designed to eliminate unsecured debts and liquidate non-exempt assets to pay creditors.
Chapter 7
This typically refers to a chapter of the U.S. Bankruptcy Code dealing with liquidation, where a debtor's assets are sold to pay off creditors.
Secured Party
An individual or entity that has been given a security interest in the property of a debtor as collateral for a loan or obligation.
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