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Debtor's Income
The amount of money received by an individual or entity who owes a debt to another party.
Bankruptcy Trustee
A person appointed by the court to manage the debtor’s funds in a bankruptcy proceeding.
Debtor's Estate
The total sum of a debtor's legal rights, obligations, and owned property that might be used to repay debts.
Chapter 7 Proceeding
A Chapter 7 Proceeding refers to a bankruptcy process outlined in the United States Bankruptcy Code where a debtor's assets are liquidated to repay creditors.