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Briefly discuss the terrorist environment created by West Germany's Red Army Faction.
Voluntary Petition
A document filed by an individual or business to declare bankruptcy voluntarily.
Chapter 7
A provision in the United States bankruptcy code allowing for the liquidation of a debtor's assets to pay off creditors.
Secured Creditors
Creditors who have a legal claim to a debtor's assets as collateral for a debt, giving them a priority position over unsecured creditors in case of bankruptcy.
Liquidation Bankruptcy
A bankruptcy procedure where a debtor's assets are sold off to pay creditors, typically under Chapter 7 in the United States.
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