Examlex
According to the life cycle theory of savings,a typical person's:
Debtor's Estate
The total sum of a debtor's legal and equitable interests and assets at the time of bankruptcy filing or death.
Bankruptcy Court
A specialized federal court handling cases related to bankruptcy filings and proceedings.
Voluntary Petition
A document filed by an individual or business to declare bankruptcy voluntarily.
Chapter 7
A provision in the United States bankruptcy code allowing for the liquidation of a debtor's assets to pay off creditors.
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