Examlex
A polling company conducted a survey of voters to obtain data for a political campaign. They selected 3500 voters randomly from the 168,000 names on the voter registration lists of the county and found that 1372 intended to vote for candidate Doe. The 3500 voters represent:
Bankruptcy Code
The set of laws that governs the process of bankruptcy in the United States, which allows individuals and businesses to discharge their debts or reorganize their financial obligations.
Automatic Stay
A legal provision that automatically stops lawsuits, foreclosures, garnishments, and all collection activity against the debtor the moment a bankruptcy petition is filed.
Secured Creditors
Creditors who have a legal right to specific assets of a debtor as collateral for the debts owed to them.
Repossession Proceedings
The legal process by which a lender takes back property when the borrower defaults on payments.
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