Examlex
Using the ________ gives you access to the most common formatting selections, such as adding bold or italic, or changing font type or color.
Entitled to Priority
Entitled to priority refers to a situation where certain claims, such as debts or interests, are given precedence over others in the event of a bankruptcy or liquidation.
Secured Creditors
Creditors who have a legal claim or lien on specific assets of the debtor as collateral for the debt.
Unsecured Creditors
Creditors who have claims on the assets of a debtor but no collateral securing those claims.
Non-exempt Asset
An asset that is not protected under bankruptcy laws and can be seized to satisfy creditor claims.
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