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Financial terms in "Bankruptcy Assistance"

1. liquidating reorganization

2. 341 meeting

3. workout

4. Bankruptcy Reform Act of 1994

5. arrangement

6. gap period

7. omnibus hearing

8. discharge (of indebtedness)

9. bankruptcy court

10. complaint

11. nondischargeable debt

12. Bankruptcy Tax Act of 1980

13. allowed claim

14. Chapter 12

15. set-off

16. impairment

17. United States Trustee

18. Bankruptcy Act of 1934

19. liquidation value

20. adequate protection

21. Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005

22. liquidated claim

23. Bankruptcy Rule 2004

24. bankruptcy estate

25. core proceedings

26. adversary proceeding

27. NOL

28. examiner

29. VCIS (Voice Case Information System)

30. small claims

31. involuntary bankruptcy

32. Receiver

33. tranches

34. Bankruptcy Code

35. exclusivity (period of)

36. PACER (Public Access to Court Electronic Records)

37. Section 304

38. skeleton filing

39. fee examiner

40. Default

41. unsecured creditor

42. administrative claim

43. straight bankruptcy

44. pre-petition

45. Chapter 20

46. Equity

47. contingent claim

48. assume

49. period of exclusivity

50. matrix

51. Section 77B

52. post-petition

53. secured creditors

54. dismissal

55. first meeting of creditors (341 meeting)

56. debtor in possession

57. fraudulent conveyance

58. tax loss carry-forward

59. Chapter 11

60. Bankruptcy Act of 1898

61. Chandler Act of 1938

62. petition preparer

63. Bankruptcy

64. ballot date

65. pro rata

66. distressed

67. bankruptcy petition

68. claims

69. unliquidated claim

70. bankruptcy judge

71. business bankruptcy

72. creditors' committee

73. priority claims

74. Insolvency

75. non-business bankruptcy

76. equitable subordination

77. plan of reorganization

78. executory contract

79. Chapter 22

80. petition

81. going concern value

82. bankruptcy administrator

83. Bankruptcy proceedings

84. Chapter

85. dischargeable debt

86. Bankruptcy Amendments of 1984

87. class

88. nunc pro tunc

89. schedules

90. Bankruptcy Reform Act of 1978

91. cash collateral

92. joint administration

93. proof of claim

94. Chapter 7

95. Bankruptcy Act of 1933

96. bankrupt

97. Voluntary Bankruptcy

98. Chapter 15

99. Trustee

100. vulture funds

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

Featured term of the day

Definition / Meaning of

Preapproval

Categories: Finance,

When you're preapproved for a mortgage, the lender guarantees in advance the maximum you can borrow, provided your financial situation doesn't change before you find a home. You'll need to fill out a mortgage application with the lender to be preapproved, as well as provide verification of a regular source of income and authorize a credit check. Then the lender provides a letter confirming how much you'll be able to borrow. The preapproval process usually takes a week or two, but it may take only a few minutes if you apply for a mortgage online. Some, but not all, lenders charge a fee for preapproval.Preapproval is not a binding commitment for either the buyer or lender, but it can give you a competitive advantage. You know in advance how much you can afford, and sellers are confident your mortgage application won't be turned down. Plus, it can speed the process of closing the sale. If you're a first-time homebuyer or you're self-employed, it may be a good idea to consider getting preapproved.

Most popular terms

1. Risk Manager
2. Erection All Risks (EAR) Insurance
3. Sarbanes-Oxley Act (SARBOX, SOX, SOx) Of 2002
4. Gross Margin
5. Lead Time
6. Highest And Best Use
7. Special Personal Auto Policy (SPAP)
8. Savings Bonds
9. Beta
10. Quarter

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