Examlex
Which of the following is NOT true about channel alignment?
Reorganizations
A process designed to revive a financially troubled or bankrupt company.
Reaffirmation Agreements
Legal documents in bankruptcy proceedings where a debtor agrees to repay a particular debt, notwithstanding bankruptcy discharge.
Rescind
To cancel, revoke, or repeal a contract, agreement, or offer.
Unsecured Creditors
Creditors who have extended credit without requiring collateral, making their claims less secure in the event of a borrower's bankruptcy.
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