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Dischargeable
Referring to debts that can be eliminated or forgiven through legal processes, such as bankruptcy.
Domestic Support Obligations
Financial responsibilities, such as alimony or child support, owed by one individual to another as ordered by a court.
Unsecured Note
A financial instrument that represents a loan not backed by collateral, typically entailing higher risk for the lender.
Entitled to Priority
Entitled to priority refers to a situation where certain claims, such as debts or interests, are given precedence over others in the event of a bankruptcy or liquidation.
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