Personal Injury Glossary
Bankruptcy: Refers to statutes and judicial proceedings
involving persons or businesses that cannot pay their debts and
seek the assistance of the court in getting a fresh start. Under
the protection of the bankruptcy court, debtors may be released
from or "discharged" from their debts, perhaps by paying
a portion of each debt. Bankruptcy judges preside over these
proceedings. The person with the debts is called the debtor and
the people or companies to whom the debtor owes money to are
called creditors.
Personal Injury
Glossary
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