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Match the vocabulary words to the correct definition. Assets Chapter 11 Chapter 13 Chapter 7 Debtor Individual bankruptcy-total liquidation of dischargeable debt Business reorganization bankruptcy-allow

Match the vocabulary words to the correct definition.

Assets

Chapter 11

Chapter 13

Chapter 7

Debtor

Individual bankruptcy-total liquidation of dischargeable debt

Business reorganization bankruptcy-allow business to postpone debts.

Anything owned that has monetary value.

Individual bankruptcy repayment-Debtor make payments to Trustee who then pay creditors.

One who owes another anything or is under obligation to pay money.

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