Examlex
Describe what a joint venture is. Identify the two types of joint ventures.
Creditors
Individuals or entities to whom money is owed by a debtor.
The Trustee
An individual or organization appointed to administer the assets of a trust for the benefit of the beneficiaries according to the terms of the trust document.
Automatic Stay
A provision in bankruptcy law that temporarily stops lawsuits, foreclosures, garnishments, and all collection activity against the Debtor the moment a bankruptcy petition is filed.
Creditor Litigation
Legal proceedings initiated by a creditor to collect debts owed by a debtor who has failed to make payments.
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