Lawsuit A authorized action started by a plaintiff towards a defendant based on a grievance that the defendant failed to carry out a legal responsibility which resulted in hurt to the plaintiff. Judgment The official choice of a court finally resolving the dispute between the parties to the lawsuit. Federal question jurisdiction Jurisdiction given to federal courts in instances involving the interpretation and application of the U.S. Dismissal with prejudice Court action that prevents an similar lawsuit from being filed later.
Akin to frequent law, which springs from custom and judicial choices. Bankruptcy trustee A private particular person or company appointed in all Chapter 7 and Chapter thirteen circumstances to represent the interests of the chapter property and the debtor’s creditors.
Chapter 11 A reorganization bankruptcy, normally involving an organization or partnership. A Chapter eleven debtor normally proposes a plan of reorganization to maintain its enterprise alive and pay collectors over time. Individuals or individuals in business also can seek reduction in Chapter 11. Case regulation The regulation as established in earlier court docket selections.
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A negligent or intentional damage towards a person or property, aside from breach of contract. Statement of intention A declaration made by a chapter 7 debtor regarding plans for coping with client debts which are secured by property of the estate. Secured creditor A secured creditor is a person or enterprise that holds a declare against the debtor that’s secured by a lien on property of the … Read More