707(b) action is defined in Chapter 7 of the United States Bankruptcy code as a motion by court, the United States trustee, the trustee , the administrator , or any party in interest to dismi...
A 342 notice is the notice sent before the commencement of a bankruptcy proceeding by the bankruptcy clerk of the bankruptcy court to the debtor , which contains: wex LIFE EVENTS financial ...
A 341 notice is the notice sent by the bankruptcy clerk to the debtor , the creditors , and all other interested parties, notifying them of the date, time, and place in which the 341 meeting (c...
A 341 meeting is a mandatory meeting held at the beginning of a bankruptcy proceeding . Also referred to as the creditors meeting, its name comes from section 341 of the Bankruptcy Code . The pu...
Account stated refers to a document summarizing the amount a debtor owes a creditor . An account stated is also a cause of action in many states that allows a creditor to sue for payment. we...
Acceleration means the advancing of a loan agreement 's maturity date so that payment of the entire debt is due immediately. In Analytical Surveys Inc. v. wex COMMERCE finance business la...
Abuse is an action that intentionally causes harm or injures another person. This can refer to physical abuse, psychological abuse, mental abuse, or child abuse (see below). Abuse is also to m...
Abatement is the act of reducing or nullifying something. Multiple subjects throughout law are subject to abatement and the term appears in many locations. wex COMMERCE business law PROPERTY ...
A/R is the abbreviation for accounts receivable . ] wex COMMERCE commercial activities accounting finance financial services business law business organizations corporations business ...
Accounts receivable (abbreviated A/R ) is money owed to a business by another business or individual in exchange for property or services that were provided on credit . The settlement of an accou...
An account debtor is someone who owes an obligation by virtue of an account , chattel paper , or general intangible . See, e.g. Nickey Gregory Co., LLC v. AgriCap, LLC, 597 F.3d 591 (4th Cir. ...
401(k) plans (also just called 401k) are types of retirement plans that an employer sponsors which allows employees to defer taxes . wex CIVICS taxation employment law money and financial...
The absolute bar rule prohibits a creditor who disposes of collateral in a commercially unreasonable manner from obtaining a deficiency judgment . For example: wex COMMERCE commercial acti...
Ab intestato is a Latin term meaning "by intestacy ." The term refers to laws governing the succession of property after the previous owner of the property dies without a valid will . ] wex...
An accelerated clause is a term in a loan agreement that requires the borrower to pay off the loan immediately under certain conditions. menu of sources OTHER REFERENCES KEY INTERNET SOUR...