Examlex
What event shook up the recording industry's corporate landscape in the early 21st century?
Permanent Trustee
A trustee appointed to manage and administer a trust indefinitely until the trust’s objectives are fulfilled or the trust is legally dissolved.
Chapter 7
A provision under the U.S. Bankruptcy Code allowing for liquidation of a debtor's assets to pay off creditors.
Discharge
A written federal court order signed by a bankruptcy judge stating that the debtor is immune from creditor actions to collect debt; that is, a release from liability.
Federal Court Order
A legally binding directive issued by a federal court, requiring certain actions to be taken or ceased.
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