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Figure 1-3
-Figure 1-3 above,"A" represents __________ and "B" represents __________.
Debtors
Individuals or entities that owe money to another party, often a lender or financial institution.
Chapter 7
A provision under the U.S. Bankruptcy Code dealing with the process of liquidation, where a debtor's assets are sold off to pay creditors.
Debtor's Estate
The total assets and liabilities of a debtor that are considered in the event of bankruptcy or for satisfying debts.
Creditors
Individuals or institutions to whom money is owed by debtors.
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