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Automatic Stay
A legal provision that halts actions by creditors, with certain exceptions, to collect debts from a debtor who has declared bankruptcy.
Discharge of Obligations
A legal term for the act of releasing a party from their contractual obligations, typically through fulfillment, agreement, or operation of law.
Order for Relief
Legal authorization granted by a bankruptcy court that allows a debtor protection from creditors under bankruptcy laws.
Voluntary Petition
A document filed by an individual or corporation initiating a bankruptcy case of their own accord.
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