Examlex
What is meant by the term informal economy? How does its existence affect economic growth?
Debtor
An individual or entity that owes money to another entity or individual.
Debtor in Possession
A business entity that retains control of its assets and continues operations while undergoing a reorganization under bankruptcy laws.
Trustee Functions
The roles and responsibilities carried out by a trustee, typically involving managing assets held in trust on behalf of beneficiaries.
Bankruptcy
A legal status for individuals or entities that cannot repay the debts they owe to creditors, leading to a court-managed distribution of assets to creditors.
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