Sum & Substance of Bankruptcy and Creditor's Rights |
Common terms and phrases
13 proceeding action agreement amount antecedent debt apply assets assignment authorizes automatic stay Bank bankrupt Bankruptcy Code bankruptcy discharge bankruptcy judge bankruptcy proceedings Blackacre bona fide purchaser cash Chapter 13 Chapter 7 proceeding collateral collection activity commenced cram-down debtor debtor's property discharge dismissal doctrine of lis entitled established exempt property facts False FDCPA federal filing found in BC fraud fraudulent conveyance homestead exemption Illustration insolvent involuntary judgment lien jurisdiction levy liability lien creditor limitation lis pendens litigation loan ment mortgage nondischargeable NOTES obligation payment perfection permits person postpetition power of avoidance prebankruptcy preference prior priority protection provides real property receive relief from stay remedies reorganization rule secured party security interest seizure setoff statute statutory lien tax lien tion transaction True trustee trustee's UFCA unsecured claim unsecured creditors voluntary petition wage garnishment writ of attachment writ of execution