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Debt & Bankruptcy

Horizontales
"Strait Bankruptcy"- Debts are discharged after proving no chance for repayment
Not paying as agreed on a credit contract
An arrangement where use of property is exchanged for rent
Debts that are backed up by collateral
Placing a trustee in charge of your finances until debts are paid off or discharged
The additional cost of paying in installments over time
Bankruptcy reorganization- making a plan over 5 years to repay debts
A person or business that lends based on personal property
Verticales
The person who owes a debt
A form that identifies the holder as entitled to obtain goods/services on credit
An arrangement whereby the co signer becomes responsible for a debt upon default of the original debtor
Charging an illegally high interest rate
Debt that is only a promis to pay
A court order allowing a debtor's wages to be diverted to pay off a debt
The release of debt obligations through bankruptcy
The party who accepted a promise to pay by the debtor
An agreement giving the creditor the right to sell property to pay off a debt