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3 Cards in this Set
- Front
- Back
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Property of the Estate |
Property subject to administration by a bankruptcy trustee for the distribution of dividends to creditors. |
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Avoiding Powers |
Ability of a trustee to set aside certain pre- or postfiling transactions that might otherwise be valid under nonbankruptcy law. |
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Ipso Facto Clauses |
A clause in a contract defining insolvency or a bankruptcy filing as an act of default. These clauses generally are not enforceable in bankruptcy proceedings. |
