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Today's Terms
Chapter Thirty Three
Definition:
An unofficial term describing a company that has filed for Chapter 11 three times.
Core proceedings
Definition:
Those proceedings that are inherent in and fundamental to the administration of a bankruptcy case.
Post-petition
Definition:
Occurring after the filing of a petition. Preference - a payment by a debtor made during a specified period (90 days or one year) prior to the filing that favors one creditor over others.
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