Examlex
Which of the following is considered the basic unit of life?
Involuntary Petition
A legal process initiated by creditors requesting a court to declare a debtor bankrupt when the debtor hasn't voluntarily filed for bankruptcy.
Order for Relief
A court order in bankruptcy proceedings that grants the petitioner, usually a debtor, protection from creditors and sanctions the commencement of bankruptcy proceedings.
Fraudulent Transfer
The act of illegally transferring property to another party in order to evade creditors or the law.
Trustee
A trustee is an individual or organization that holds or manages property or assets for the benefit of another, usually under the terms of a trust agreement.
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