What is the decision rule for outsourcing?
Definitions:
Proof of Claim
A document filed by a creditor in a bankruptcy proceeding that outlines the amount owed by the debtor and the basis for the claim.
Bankruptcy Court
A federal court of limited jurisdiction that handles only bankruptcy proceedings.
Order for Relief
A court order in a bankruptcy case that allows the bankruptcy process to proceed and provides the petitioner with temporary relief from debt collection actions by creditors.
Automatic Stay
In bankruptcy proceedings, the suspension of almost all litigation and other action by creditors against the debtor or the debtor’s property. The stay is effective the moment the debtor files a petition in bankruptcy.
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