Examlex
A _______________ is a set of wires through which data travels between components of a computer.
Automatic Stay
A legal provision that automatically stops lawsuits, foreclosures, garnishments, and all collection activity against the debtor the moment a bankruptcy petition is filed.
Secured Creditors
Creditors who have a legal right to specific assets of a debtor as collateral for the debts owed to them.
Repossession Proceedings
The legal process by which a lender takes back property when the borrower defaults on payments.
Insolvent
A financial state in which an individual or organization cannot meet its debt obligations due to lack of funds.
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