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Why did the Kosygin reforms under Brezhnev fail?
Secured Creditors
Creditors who have a legal right to seize specific assets of the debtor if the debtor fails to repay the debt as agreed.
Moratorium
A temporary suspension or delay of an activity or law, often used by governments in response to economic or emergency situations.
Chapter 7 Bankruptcy
A provision of the bankruptcy code that involves the liquidation of a debtor's assets to repay creditors.
Creditor Litigation
Legal proceedings initiated by a creditor to recover debts owed by a debtor, usually when other debt recovery methods have failed.
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