Examlex
Why has it been thought that there is a 'taste map' on the tongue and to what extent is this view wrong?
Unsecured Claims
Claims or debts that are not backed by collateral, meaning if the debtor defaults, the creditor does not have a right to seize specific property to satisfy the debt.
Exempt Property
Property that a debtor is allowed to retain, free from the claims of creditors seeking to repossess or sell the property for debt recovery.
Chapter 7 Bankruptcy
A liquidation form of bankruptcy available to individuals and businesses, resulting in the sale of non-exempt assets to pay creditors and discharge most debts.
Equity
The fair and impartial treatment in justice or the value of ownership interest in a property after debts are subtracted.
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