Bankruptcy terms starting with E

9 terms

1. en banc "In the bench" or "full bench." Refers to court sessions with the entire membership of a court participating rather than the usual quorum. U.S.
2. Equity Another word for "stock." It represents an ownership interest by shareholders in a corporation.
3. Evidence (EV-uh-dins): Information that is collected in an orderly way about a disease or its treatment. This information often comes from research.
4. Ex Parte An action (a conversation orally or in writing, a ruling, or a hearing) done without all parties being notified in advance or without their presence.
5. exclusivity period The time during which only the debtor in a Chapter 11 reorganization can propose a plan or reorganization; generally at least the first 120 days after…
6. executory contract or lease Generally includes contracts or leases under which both parties to the agreement have duties remaining to be performed.
7. Exempt property Property of a debtor that the law protects from the action of creditors.
8. Exemption An exemption is a fixed dollar amount that you can subtract from your adjusted gross income to reduce your taxable income.
9. exemptions, exempt property Certain property owned by an individual debtor that the Bankruptcy Code or applicable state law permits the debtor to keep from unsecured creditors.