In the last installment of this series, I explained that Bankruptcy is a federal law designed to help people who owe money get a fresh start. In this part, I want to explain some terms that are helpful to remember.
These are going to be the way that I think of the terms – in plain English. If you want to see the definitions in the official United States Bankruptcy Code, you can look here.
Continue Reading Condominiums, Homeowners’ Associations and Bankruptcy: What is an “Automatic Stay” and Other Terms You Need to Know