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Describe the principal costs of unemployment.Are there any benefits to unemployment?
Litigation
The process of taking legal action in court to resolve disputes between parties, including lawsuits and arbitration.
Creditors
Individuals or entities to whom money is owed by debtors.
Statement of Intention
A legal document declaring a debtor's plans regarding the handling of certain types of debts and assets in bankruptcy proceedings.
Secured
Pertaining to loans or debts backed by collateral, ensuring protection for the lender in case of default by the borrower.
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