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You Always Dread the Spring Time Change Because You Know

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You always dread the spring time change because you know you will lose an hour of sleep.With this sleep loss comes


Definitions:

Prepetition Assets

Assets that a debtor owned before filing for bankruptcy protection.

Bankruptcy Estate

The assets that are collected from a debtor who files for bankruptcy.

Bankruptcy Remedies

Legal measures available to individuals or businesses that are unable to repay their debts, providing a way to resolve insolvency issues.

Chapter 7 Bankruptcy

A provision of the bankruptcy code that allows for the liquidation of a debtor's assets to pay off creditors; often referred to as straight or liquidation bankruptcy.

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