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A Salary Refers to the Rate of Pay on a Weekly,monthly

question 5

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A salary refers to the rate of pay on a weekly,monthly or yearly schedule.


Definitions:

Debtor Retains Possession

A situation in which an individual or entity that owes money is allowed to keep possession of the collateral or property tied to the debt.

Chapter 13

A type of bankruptcy under U.S. law that allows individuals with a regular income to develop a plan to repay all or part of their debts.

Chapter 13 Proceeding

A type of bankruptcy process in the United States that allows individuals with regular income to develop a plan to repay all or part of their debts.

Chapter 11

A provision of the United States Bankruptcy Code that allows for reorganization under the bankruptcy laws of the United States.

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