Examlex
Define and give examples of French and Raven's five forms of power.
Automatic Stay
A provision in bankruptcy law that halts actions by creditors to collect debts from a debtor who has declared bankruptcy, providing temporary relief.
Payment Plan
An agreement between a debtor and creditor that outlines how a debt will be paid off through scheduled installments over a period of time.
Order Of Relief
An order stating that bankruptcy proceedings can continue.
Voluntary Liquidation
The process initiated by a company's directors to voluntarily close down the business, sell its assets, and use the proceeds to pay off creditors before any remaining surplus is distributed to the shareholders.
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