Examlex
List and describe what a typical AUP contains.
Payment Plan
A payment plan is an agreement to pay off an owed amount over a designated period, through specified number of installments.
Order Of Relief
A court order that provides a debtor protection from creditors under bankruptcy proceedings, initiating the automatic stay.
Preferential Payment
A payment made by an insolvent debtor that gives preferential treatment to one creditor over another.
Insolvent Debtor
A debtor who cannot pay debts in a timely fashion.
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