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Why are cognitive biases a barrier to critical thinking?
Bankruptcy Proceedings
The legal process through which individuals or businesses unable to meet their financial obligations seek relief from their debts.
Payment Plan
A payment plan is an agreement to pay off an owed amount over a designated period, through specified number of installments.
Order Of Relief
A court order that provides a debtor protection from creditors under bankruptcy proceedings, initiating the automatic stay.
Preferential Payment
A payment made by an insolvent debtor that gives preferential treatment to one creditor over another.
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