Examlex
All organizations perform three basic business activities.List and describe these activities.
Trustee
An individual or organization that holds or manages property, assets, or a trust on behalf of another.
Nonexempt Assets
Assets that a debtor must forfeit to creditors or to a bankruptcy trustee under bankruptcy proceedings, not protected by exemption laws.
Chapter 7
A chapter of the U.S. Bankruptcy Code that involves the liquidation of a debtor's assets to repay creditors.
Bankruptcy Rules
Regulations governing the process of bankruptcy, dictating how debts are discharged and assets are handled among creditors and debtors.
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