Examlex
Which of the following statements is INCORRECT?
Creditor
An entity or person to whom money is owed by a debtor.
Bankruptcy and Insolvency
Legal statuses of an individual or entity that cannot repay the debts they owe to creditors.
Bankruptcy Offence
A criminal act under bankruptcy law, such as fraud or misrepresentation, during the bankruptcy process.
Supplier
An individual or company that provides goods or services to another entity, typically in a commercial transaction.
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