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Foreign Debtors
Individuals or entities located outside a country's borders that owe money to creditors within that country.
Insolvent
A financial condition where liabilities exceed assets, rendering an entity incapable of meeting its financial obligations.
Owe Money
The condition of being under obligation to pay or repay someone or something in return for something received.
Chapter 7
A provision under the U.S. Bankruptcy Code that deals with the process of liquidation, where an individual's or company's assets are sold to pay off creditors.
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