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Discuss the impact of 9/11 and how it changed American foreign policy.
Consumer Debt
Debt that is incurred by an individual primarily for personal, family, or household purposes.
Bankruptcy Proceedings
The legal process through which individuals or entities unable to pay their debts can seek relief from some or all of their financial obligations.
Insolvent
The condition of being unable to pay debts as they fall due, or having liabilities that exceed assets.
Preferential Payment
A payment made to a creditor before bankruptcy that unfairly prioritizes that creditor over others, which can be reclaimed by the bankruptcy trustee.
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