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What are the major weaknesses associated with diversionary programs?
Chapter 7 Bankruptcy
A legal process under U.S. bankruptcy law for liquidating a debtor's assets to pay off creditors.
Discharge
A written federal court order signed by a bankruptcy judge which states that the debtor is immune from creditor actions to collect debt; i.e., a release from liability.
Debt
An obligation owed by one party to another, typically involving borrowed money that must be repaid with interest.
Court
The judicial institution with the authority to adjudicate legal disputes and administer justice.
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