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An expert on parenting is addressing parents at the local grade school. When the topic of punishment is discussed, what is one outcome of punishment the expert is likely to note for the parents to consider?
Chapter 7 Bankruptcy
A provision of the bankruptcy code that allows individuals and businesses to discharge or eliminate most of their debts through the liquidation of assets.
Debtor's Property
Assets belonging to a debtor that may be used to pay off creditors.
Preferential Payment
A payment made by an insolvent debtor that gives preferential treatment to one creditor over another.
Voluntary Petition
A legal document filed by an individual or entity declaring their intent to undergo bankruptcy proceedings under their own accord.
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