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Bankruptcy Terminology      (Page 211)

plan: A debtor’s detailed description of how the debtor proposes to pay creditors’ claims over a fixed period of time.

plaintiff: A person or business that files a formal complaint with the court.

postpetition transfer: A transfer of the debtor’s property made after the commencement of the case.

prebankruptcy planning: The arrangement (or rearrangement) of a debtor’s property to allow the debtor to take maximum advantage of exemptions. (Prebankruptcy planning typically includes converting nonexempt assets into exempt assets.)

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