Examlex
Estimate by rounding each factor to the nearest tenth:
Bankruptcy
A legal process for individuals or entities that are unable to repay their outstanding debts, providing a mechanism for dealing with financial insolvency.
Fraudulent Transfer
A debtor’s transfer of property in an attempt to keep it out of the hands of creditors; not a valid sale at a fair price to an innocent third party.
Bona Fide Purchaser
A person who acquires property in good faith and without awareness of any defects or problems with the title.
Reorganization Proposal
A plan aimed at restructuring a business's operations, debts, and other elements to facilitate its recovery, often used in bankruptcy proceedings to ensure the entity can continue its operations.
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