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A limitation of simulation is that
Unsecured Creditors
Creditors who have extended credit without obtaining specific collateral, ranking below secured creditors in claims on assets.
Individual Retirement Account
A financial tool for individuals to save for retirement in a tax-advantaged way.
Unsecured Creditors
Creditors who have extended credit without securing collateral, putting them at greater risk if the borrower defaults.
Federal Bankruptcy Exemptions
Legal provisions that allow individuals filing for bankruptcy to retain certain assets and properties from creditor claims under federal law.
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