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COGNITIVE ASSESSMENT Which recovery technique is more expensive, but provides recovery of damaged data in a matter of seconds?
Unsecured Claim
A claim or debt that does not have a specific asset backing it up, making it a riskier proposition for the lender.
Bankruptcy
A legal mechanism offering individuals or corporations facing financial difficulties a way to alleviate part or total of their debt obligations.
Chapter 13 Plan
A legal mechanism in U.S. bankruptcy law that allows individuals with a stable income to reorganize their debts and pay them off over time.
Priority Debts
Debts that are deemed more important than others and must be paid first in situations like bankruptcy proceedings.
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