Also referred to as personal bankruptcy or consumer bankruptcy. A Chapter 13 bankruptcy proceeding which allows a debtor who has a sufficient amount of income to pay a portion of their debt owed over the course of 3-5 years. Debtors get to keep their property but must promptly make payments according to a monthly repayment plan. At the end of the plan, if all payments are made … [Read more...] about BANKRUPTCY CHAPTER 13
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BALLAST
In marine insurance. There is considerable analogy between ballast and dunnage. The former Is used for trimming the ship, and bringing it down to a draft of water proper and safe for sailing. Dunnage is placed under the cargo to keep it from being wetted by water getting into the hold, or between the different parcels to keep them from bruising and injuring each other. Great … [Read more...] about BALLAST
BANCUS
Ll Latin: In old English law and practice. A bench or seat in the king's hall or palace. Fleta. lib. 2, c. 16, … [Read more...] about BANCUS
BANK STATEMENT
A report released by a bank that sets for the balance of an account and any activity and earned interest for a period of time. … [Read more...] about BANK STATEMENT
BALLAST AGE
A toll paid for the privilege of taking up ballast from the bottom of a port or harbor. … [Read more...] about BALLAST AGE