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Which statement is false?
Titles
Legal documents or designations that signify ownership of property or assets.
Trustee
An individual or organization that holds or manages property, assets, or a trust on behalf of another.
Nonexempt Assets
Assets that a debtor must forfeit to creditors or to a bankruptcy trustee under bankruptcy proceedings, not protected by exemption laws.
Chapter 7
A chapter of the U.S. Bankruptcy Code that involves the liquidation of a debtor's assets to repay creditors.
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