Examlex
In ARQ, a NAK:
Chapter 7
A provision under the United States Bankruptcy Code dealing with the process of liquidation, where a debtor's assets are sold to pay off creditors.
Order of Relief
An order stating that bankruptcy proceedings can continue.
Bankruptcy Relief
Legal measures available to individuals or businesses that cannot meet their debt obligations, allowing them to either restructure debts or discharge them under court supervision.
Reaffirmation Agreement
An agreement in which the debtor agrees to pay a debt even though it could have been discharged in bankruptcy.
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