Examlex

Solved

__________ or __________ Describe Exactly What Actions Are to Be

question 26

Multiple Choice

__________ or __________ describe exactly what actions are to be taken in specific situations.


Definitions:

Repossess

The act of taking back possession of property by a seller or lender from the buyer or borrower, typically due to failure to meet payment or other terms.

Discharge

The release or dismissal of an individual from an obligation, duty, or debt.

Bankruptcy Administrative

Pertaining to the administrative process involved in handling the affairs of an individual or business declared bankrupt, including management of assets and debts.

Back Taxes

Taxes that have not been paid when due.

Related Questions