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What is business confidence?
Involuntary Petition
A legal process initiated by creditors requesting the bankruptcy court to declare a debtor bankrupt, typically utilized when the debtor is not paying outstanding debts.
Chapter 7
A provision of the U.S. Bankruptcy Code that involves the liquidation of a debtor's non-exempt assets to pay off creditors.
Consumer Debt
Consumer debt is a type of financial obligation that arises from the purchase of goods that are used for personal, family, or household purposes.
Credit Card Companies
Businesses that issue credit cards to consumers, facilitating electronic payment transactions and extending credit.
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