Bankruptcy terms starting with J

7 terms

1. joint administration A court-approved mechanism under which two or more cases can be administered together.
2. joint petition One bankruptcy petition filed by a husband and wife together.
3. judge An official with the authority and responsibility to preside in a court, try lawsuits and make legal rulings. Judges are attorneys.
4. Judgment A legal decision; when requiring debt repayment, a judgment may include a property lien that secures the creditor's claim by providing a collateral source.
5. Judicial lien A lien created by order of a court, such as the lien of a judgment.
6. Jurisdiction (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same…
7. jurisprudence The study of law and the structure of the legal system.