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Financial terms in "Bankruptcy Assistance"

1. non-business bankruptcy

2. 341 meeting

3. proof of claim

4. discharge (of indebtedness)

5. nondischargeable debt

6. skeleton filing

7. wage-earner bankruptcy

8. debtor in possession

9. small claims

10. bankruptcy mill

11. going concern value

12. set-off

13. assume

14. fresh start

15. secured creditors

16. bankruptcy court

17. Equity

18. straight bankruptcy

19. Bankruptcy Reform Act of 1994

20. ECF

21. Chapter 12

22. Receiver

23. Voluntary Bankruptcy

24. nunc pro tunc

25. adequate protection

26. Bankruptcy Act of 1934

27. Chapter 22

28. joint administration

29. Bankruptcy Tax Act of 1980

30. administrative claim

31. Chapter 9

32. distressed

33. Chandler Act of 1938

34. first meeting of creditors (341 meeting)

35. priority claims

36. Conversion

37. ballot date

38. bankruptcy petition

39. liquidated claim

40. arrangement

41. insider (of corporate debtor)

42. impairment

43. Trustee

44. unsecured creditor

45. class

46. equitable subordination

47. liquidation value

48. Retired Benefits Bankruptcy Protection Act

49. exclusivity (period of)

50. schedules

51. bankruptcy administrator

52. Chapter 15

53. Bankruptcy Amendments of 1984

54. contingent claim

55. contested matter

56. interests

57. plaintiff

58. Chapter 33

59. unsecured claim

60. Chapter 7

61. Chapter 7 Trustee

62. substantial abuse

63. cramdown

64. discovery procedures

65. plan of reorganization

66. super-priority claim

67. matrix

68. dismissal

69. Chapter 20

70. Bankruptcy Act of 1933

71. PACER (Public Access to Court Electronic Records)

72. Chapter 11

73. adversary proceeding

74. workout

75. bankruptcy estate

76. complaint

77. personal bankruptcy

78. claims

79. avoidance power

80. cash collateral

81. Lien

82. tranches

83. fraudulent conveyance

84. omnibus hearing

85. period of exclusivity

86. failure

87. unliquidated claim

88. Section 77B

89. core proceedings

90. Debtor

91. Chapter 13

92. Chapter

93. gap period

94. bankruptcy judge

95. motion to lift automatic stay

96. Confirmation

97. bar date

98. petition

99. Rule 2004

100. involuntary bankruptcy

Note: Maximum 100 records reached. Please narrow your search.

Featured term of the day

Definition / Meaning of

Health Savings Account (HSA)

Categories: Finance,

A health savings account is designed to accumulate tax-free assets to pay current and future healthcare expenses. To open an HSA, you must have a qualifying High Deductible Health Plan (HDHP) either through your employer or as an individual.If you have an employer's plan, your contributions to the HSA are made with pretax income, and your employer may contribute as well. If you have an individual plan, you may deduct your contributions in calculating your adjusted gross income (AGI).Congress sets an annual limit on the amount you can contribute to an HSA, which you set up with a financial institution such as a bank, brokerage firm, insurance company, or mutual fund company that offers these accounts.No tax is due on money you withdraw from the HSA to pay qualified medical expenses such as doctor's visits, hospital care, eyeglasses, dental care, and medications for yourself, your spouse, and your dependants.Any money that's left over in your HSA at the end of the year is rolled over and continues to accumulate tax-free earnings, which you can use for future healthcare costs.Once you're 65, you can use the money in the HSA for non-medical expenses without paying a penalty, but you'll owe income taxes on those withdrawals. If you are younger than 65, you can also spend from your HSA on non-medical expenses, but you'll owe income taxes plus a 10% tax penalty on the amount you take out.

Most popular terms

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6. Special Crime Insurance
7. Employee Retirement Income Security Act Stock Drop Litigation
8. Unit Investment Trust (UIT)
9. Expiration Cycle
10. Statute Of Limitations

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