chapter0
Chapter 20. Slang. Bankruptcy. A debtor who files a Chapter 7 petition and receives a discharge, and then im-mediately files a Chapter 13 petition to deal with remaining nondischargeable or secured debts.
Search Results for: CHAPTER 20
liquidation
liquidation, n. 1. The act of determining by agreement or by litigation the exact amount of something (as a debt or damages) that before was uncertain. 2. The act of settling a debt by payment or other satisfaction. 3. The act or process of converting assets into cash, esp. to settle debts. one-month liquidation. A
black hand
Black Hand. Hist. Any of several secret societies that were active in the late 19th and early 20th centuries. • Most of these organizations were composed of anarchists or separatists and engaged in terrorism. In the late 19th and early 20th centuries, a loosely knit Sicilian–Italian criminal organization called the Black Hand extorted money from
farming operation
farming operation. Bankruptcy. A business engaged in farming, tillage of soil, dairy farming, ranching, raising of crops, poultry, or livestock, and production of poultry or livestock products in an unmanufactured state. 11 USCA § 101(21). See CHAPTER12. [Cases: Bankruptcy 2021. 1.]
taxation
taxation. 1. The imposition or assessment of a tax; the means by which the state obtains the revenue required for its activities. [Cases: Internal Revenue 3001–3007; Taxation 1. C.J.S. Internal Revenue §§ 2, 4; Taxation §§ 1–3, 5–6.] double taxation. 1. The imposition of two taxes on the same property during the same period and