Examlex
Which of the following is true of federated governments?
Bankruptcy Relief
Legal relief obtained through a court proceeding that allows individuals or organizations to eliminate or reorganize their debts.
State Law
Legislation that is enacted by the legislative bodies within each of the states in the United States, as opposed to federal law.
Federal
Pertaining to the national level of government, as opposed to state or local jurisdictions, involving policies, laws, and regulations applicable to the entire nation.
Chapter 7
A type of bankruptcy that involves the liquidation of a debtor's assets to pay off creditors.
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