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Jane is a manager in a call center that is experiencing problems with employees spending too much time interacting among themselves when they should be helping customers.Jane could decrease the time interacting by making the work environment more sociofugal.
Prepetition Assets
Assets that a debtor possesses before filing for bankruptcy.
Exempt Assets
Properties or assets that are protected by law from being seized by creditors or in bankruptcy proceedings.
Nonexempt Assets
Assets that can be seized by creditors under bankruptcy proceedings, as opposed to those protected or exempt.
Involuntary Petition
A legal process initiated by creditors requesting the bankruptcy court to declare a debtor bankrupt, typically utilized when the debtor is not paying outstanding debts.
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