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In a sincere effort to reform his domains typical of enlightened rulers, the Austrian emperor Joseph II issued
Chapter 11 Petition
A legal document filed to initiate Chapter 11 bankruptcy, which allows for reorganization of a debtor's business affairs and assets.
Bankruptcy Court
A specialized federal court that handles cases involving bankruptcy filings and related legal matters, providing a legal framework for the settlement of debts.
Bankruptcy Abuse Prevention
Part of the legal measures designed to prevent misuse of bankruptcy laws, including provisions to ensure that filings are genuine and to deter fraudulent or reckless bankruptcy claims.
Chapter 7
A provision of the bankruptcy code in the United States that provides for "liquidation," whereby a debtor's non-exempt assets are sold and the proceeds are used to pay creditors.
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Q61: The development of the railroads in the