Examlex
According to the EEOC,agreements that mandate binding arbitration of discrimination claims as a condition of employment are in agreement with the fundamental principles of antidiscrimination laws.
Debtor's Interests
The financial or asset-based stakes a debtor holds which may be affected by legal actions such as bankruptcy or debt recovery efforts.
Liquidation
The process of winding up a company's financial affairs by selling off assets to pay creditors and distributing any remaining assets to the shareholders.
Chapter 7
A chapter of the U.S. Bankruptcy Code that deals with the process of liquidation, where a debtor's non-exempt assets are sold off to pay creditors.
Nonexempt Assets
Assets that can be seized in a bankruptcy proceeding because they are not protected by exemption laws.
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