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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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