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A decrease in the price level will cause
Bankruptcy Discharge
The legal process that releases a debtor from personal liability for certain specified types of debts, effectively wiping the slate clean.
Bankruptcy Law
A legal framework governing the process by which individuals or entities unable to meet their financial obligations can seek relief from some or all of their debts.
Fraudulent Conveyance
The transfer of property with the intent to obstruct, delay, or defraud creditors.
Act of Bankruptcy
Any action taken by an individual or company that signals insolvency or the inability to pay debts as they come due.
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