Chapter 7
Definition of "Chapter 7"
Also called straight bankruptcy. A provision of the 1978 bankruptcy Reform Act providing for a persons property to be divided among creditors to satisfy his/her unpaid debts. Any debtor subject to Chapter 7 is also subject to Chapter 11. See also bankruptcy.
Popular Real Estate Terms
Also called straight bankruptcy. A provision of the 1978 bankruptcy Reform Act providing for a persons property to be divided among creditors to satisfy his/her unpaid debts. Any debtor ...
A step's edge. ...
Insurance coverage for any risk that can cause physical damage to the insured item. ...
Broker employed by and therefore loyal to the buyer. ...
Compilation of all real estate properties in a given tax district that are subject to real estate taxes. The tax roll indicates the taxable assessed values of all properties in the district ...
First and foremost, the meaning of ‘punitive damages’ defines a financial penalty the defendant has to pay due to their negligent actions. The US legislative branch designed the ...
The meaning of plot refers to a parcel or a small lot. A plot is essential in determining the land cost. Additionally, it defines a diagram or schematic drawing of a building or piece of ...
Single mortgage or other encumbrance that covers more than one piece of real estate. ...
Compared to; relative to; against. ...
Have a question or comment?
We're here to help.