Examlex
As a result of two prolonged wars with this rival, the Romans became the unmatched power of the Western Mediterranean by 200 B.C.E.
Chapter 7
A provision of the Bankruptcy Code providing for "liquidation," which involves the sale of a debtor's non-exempt property and the distribution of the proceeds to creditors.
Permanent Trustee
A trustee appointed to manage and administer a trust indefinitely until the trust’s objectives are fulfilled or the trust is legally dissolved.
Chapter 7
A provision under the U.S. Bankruptcy Code allowing for liquidation of a debtor's assets to pay off creditors.
Discharge
A written federal court order signed by a bankruptcy judge stating that the debtor is immune from creditor actions to collect debt; that is, a release from liability.
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