Examlex
Instructions: Identify the following term(s).
Magyars
Void
Having no legal force or effect; null and unenforceable.
Chapter 7
A bankruptcy process outlined in the United States Bankruptcy Code whereby a debtor's assets are liquidated to pay off creditors.
Bankruptcy
A judicial procedure allowing individuals or companies that cannot pay off their debts to obtain relief from part or all of their financial obligations.
$200 Payment
A financial transaction involving the transfer of two hundred dollars from one party to another.
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