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Federal District Courts
Courts of the first level in the federal judicial system of the United States, where civil and criminal cases under federal statutes are tried.
Liquidation
The process of converting a company's assets into cash to pay off creditors before closing the business.
Straight Bankruptcy
Also known as Chapter 7 bankruptcy, it involves the liquidation of a debtor's non-exempt assets to pay creditors.
Federal Law
Laws passed by the national government of the United States that apply throughout the country.
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