Free Bankruptcy
Glossary
The following are some common words used
during a typical Bankruptcy case that you will probably want to
know what they mean.
341 meeting
Adversary
proceeding
Arrears
Asset
Assume
Attorney-client
privilege
Attorney fee
Automatic stay
Avoidance
Bankruptcy
Bankruptcy Code
Bankruptcy court
Bankruptcy estate
Bankruptcy judge
Chapter
Chapter 7
Chapter 9
Chapter 11
Chapter 12
Chapter 13
Charged off
Claim
Collateral
Collections
Confirmation
Consultation
Conversion
Court costs
Cram down
Credit counseling
Credit counseling fee
Credit report
Credit report fee
Creditor
Current monthly
income
Debt negotiation
Debtor
Deficiency balance
Denial of discharge
Dischargeable
Discharge
Dismiss
Disposable income
Equitable
distribution
Equity
Estimated resale
value
Exempt
Exemption
Fair market value
Filing fee
Foreclosure
Fresh start
Garnishment
Homestead exemption
Joint petition
Judgment
Lawsuit
Liability
Lien
Liquidation
Means test
No-asset case
Non-dischargeable
P&L Statement
Payday loan
Petition
Perfection
Personal property
Plan
Plan payment
Post-petition
Preference
Pre-petition
Priority
Proof of claim
Property of the
estate
Reaffirmation
Relief from stay
Retainer
Retainer agreement
Redemption
Reorganization
Repayment plan
Repossession
Schedules
Secured creditor
Secured debt
Service
Statement of financial
affairs
Statute
Straight bankruptcy
Surrender
Transfer
Trustee
Unscheduled debt
Unsecured debt
U.S. Trustee
If you have heard a word or seen a word
that we have not provided an explaination for, please
contact us so we can provide you with an explaination and
add it to our site to help other people who will run into the
same word.
If you are located in South
Florida, please feel free to contact the Matthew Mazur,
P.A. at (305) 779-4805 for a Free Consultation. If you are
located outside of these two areas, please feel free to contact
us so we can put you in touch with Bankruptcy law firms in your
area that may be able to assist
you.
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