Examlex
A ______ stratgegy requires a strong commitment to efficiency and control.Such a firm tends to be more centralized as it tries to control costs.
Bankruptcy Trustee
An individual appointed by the court to oversee and manage the estate of a debtor in a bankruptcy proceeding, ensuring the fair distribution of assets to creditors.
Debtor
An individual or company that owes money to another entity.
Reorganization Plan
A structured agreement approved by a bankruptcy court that allows a debtor company to continue its operations while repaying creditors according to a specific schedule.
Creditors
Individuals or institutions that lend money or extend credit to another party under the condition that it will be paid back at a future date, usually with interest.
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