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Today's Terms
Bankruptcy estate
Definition:
Generally, the property of the debtor that is subject to the jurisdiction of the bankruptcy court.
Repo Laws Repossess
Definition:
The repo laws: If you don't make your car payments for a number of months, your lender may repo or repossess your car. Without a car you may not be able to get to work.
Chapter Thirty Three
Definition:
An unofficial term describing a company that has filed for Chapter 11 three times.
More Bankruptcy Terms >
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