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Property of the Estate
Property subject to administration by a bankruptcy trustee for the distribution of dividends to creditors.
Avoiding Powers
Ability of a trustee to set aside certain pre- or postfiling transactions that might otherwise be valid under nonbankruptcy law.
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.
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