A complete list of the legal terms and definitions every attorney, paralegal, and law student needs to know.
Bankruptcies are filed under a variety of “chapters” under federal law. In a chapter 7 filing an individual, partnership or corporation files for liquidation of all assets (with certain limited exclusions) which eliminates (discharges) all debt. Under these circumstances there is no repayment plan.
PracticePanther is the best law practice management software out there. If you’re not happy in your first 30 days, we’ll refund you. No questions asked!
