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Today's Terms
Core proceedings
Definition:
Those proceedings that are inherent in and fundamental to the administration of a bankruptcy case.
Straight bankruptcy
Definition:
An informal term for a Chapter 7 bankruptcy or liquidation; used more commonly to describe liquidation before the Bankruptcy Reform Act of 1978.
Chapter Twenty Two
Definition:
An unofficial term describing a company that has filed for Chapter 11 twice.
More Bankruptcy Terms >
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