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Rights in Bankruptcy
Legal protections and claims a debtor or creditor has during the bankruptcy process, including claims to assets and discharge of debts.
Homestead Exemption
A legal provision that protects a portion of a homeowner's principal residence from creditors and reduces property tax.
Auction
A public sale in which goods or property are sold to the highest bidder.
Creditor
A party or institution to whom money is owed.
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