Instructions: Identify the Following

question 80

Essay

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Alexander Stephens

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Definitions:

Judicial Lien

A claim or hold placed on an individual's property as a result of a court judgment, to ensure the settlement of a debt or obligation.

Chapter 7

A provision under the U.S. Bankruptcy Code that deals with liquidation, where a debtor's assets are sold to pay off creditors.

Discharge

The release or extinguishment of an obligation, debt, or liability; in legal contexts, it can refer to the dismissal of a case.

Granted

Given or allowed, often in response to a request.