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Bankruptcy Terminology      (Page 202)

consumer debtor: A debtor whose debts are primarily consumer debts.

consumer debts: Debts incurred for personal, as opposed to business, needs.

contested matter: Those matters, other than objections to claims, that are disputed but are not within the definition of adversary proceeding contained in Rule 7001.

contingent claim: A claim that may be owed by the debtor under certain circumstances, e.g., where the debtor is a cosigner on another personís loan and that person fails to pay.

 

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