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When Super Instructor first started teaching,he was terrified of speaking in front of groups.As he began his first lecture,he was so nervous that his voice shook and he felt close to tears.By the end of the lecture,he was calm.His experience is an example of the ____ technique,which is based on ____.
Chapter 7
A chapter of the U.S. Bankruptcy Code that deals with the process of liquidation, where a debtor's non-exempt assets are sold off to pay creditors.
Nonexempt Assets
Assets that can be seized in a bankruptcy proceeding because they are not protected by exemption laws.
Avoidance Powers
Legal abilities granted typically to a trustee in bankruptcy to nullify certain transactions made by the debtor before bankruptcy to ensure equitable distribution of assets to creditors.
Bankruptcy Trustee
An individual or corporation appointed in a bankruptcy case to represent the interests of the bankruptcy estate and the creditors.
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