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Match the definitions to the correct terms. Liquidation form of bankruptcy under federal law. [Choose) [Choose An excess of debts and liabilities over assets, or

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Match the definitions to the correct terms. Liquidation form of bankruptcy under federal law. [Choose) [Choose An excess of debts and liabilities over assets, or inability to pay debts as they mature. [Choose) The security interest in the goods a seller sells on credit that become the collateral for the creditor/seller [Choose ] A security interest with priority because of filing, possession, automatic or temporary priority status. A proceeding in which a creditor or creditors file the petition for relief with the bankruptcy court [Choose) Involuntary Bankruptcy Chapter 7 Bankruptcy Insolvency Purchase Money Security Interest (PMSI) Perfected Security Interest

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