A Residual Clause Will Allow a Reduced Level of Disability

question 5

True/False

A residual clause will allow a reduced level of disability income benefits when partial,rather than full,disability strikes.

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Definitions:

Automatic Stay

A legal provision that halts actions by creditors, with certain exceptions, to collect debts from a debtor who has declared bankruptcy.

Discharge of Obligations

A legal term for the act of releasing a party from their contractual obligations, typically through fulfillment, agreement, or operation of law.

Order for Relief

Legal authorization granted by a bankruptcy court that allows a debtor protection from creditors under bankruptcy laws.

Voluntary Petition

A document filed by an individual or corporation initiating a bankruptcy case of their own accord.