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In the Chapter 1 Meet an Assessment Professional,Dr.Stephen Finn described how tools of assessment are selected for use in the process of therapeutic assessment.He said that
Bankruptcy Remedies
Legal measures available to individuals or businesses that are unable to repay their debts, providing a way to resolve insolvency issues.
Chapter 7 Bankruptcy
A provision of the bankruptcy code that allows for the liquidation of a debtor's assets to pay off creditors; often referred to as straight or liquidation bankruptcy.
Secured Party
An individual or entity that has an interest, often provided by a security agreement, in the personal property of a debtor, which provides security for payment or performance of an obligation.
Collateral
Collateral refers to properties or assets that a borrower offers to a lender as security for a loan, which can be confiscated if the borrower fails to repay.
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