Examlex
The individual mandate is the requirement that:
Debts
Money owed by one party to another under an agreement that repayment will occur at a later date.
Bankrupt Discharged
Refers to the legal status whereby an individual or entity, previously declared bankrupt, has been officially released from most, if not all, debt obligations by a court.
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.
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