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The debtor remains in possession of their belongings and operates the business enterprise under the supervision with the Bankruptcy Court.  The debtor generally continues to be in possession of its assets, and operates the enterprise beneath the supervision with the court and for the benefit of creditors.A creditors committee is frequently appoint

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What on earth is a lien (pronounces "LEEN")? A lien is often a lawful declare in opposition to residence that ensures payment of a financial debt. In case the personal debt isn't paid out, the creditor might be able to seize the assets. The creditor may additionally have the ability to promote the residence to fulfill all or Section of the personal