money and financial problems

Chapter 13 of the United States Bankruptcy Code allows individuals with regular income to develop a plan to repay some or all of their debts.

When a debtor becomes insolvent and the bankruptcy proceeding begins, the debtor will either liquidate its assets or reorganize its debts.

Chapter 9 of the U.S. Bankruptcy Code provides a legal remedy for insolvent municipalities to "provide adequate municipal services" to residents (In re City of Detroit).

1. In criminal cases, a charge is a formal accusation of criminal activity. The prosecuting attorney decides on the charges, after reviewing police reports, witness statements, and any other evidence of wrongdoing.

A charging lien is defined as a type of attorney's lien under which a lawyer acquires an interest in a judgment awarded to the client.  This may mean that the lawyer can

Kiting or check-kiting is the practice of covering a bad check from one bank account to another. Persons with multiple bank accounts use this to their advantage because it takes multiple days to process checks.

A civil case is a non-criminal legal dispute between private parties, typically involving rights and obligations under the U.S. Constitution, federal law, state law, or common law.

A claim in bankruptcy refers to a claim made by a creditor to establish that they are entitled to a portion of the assets of an estate which filed bankruptcy.

Codicil is a supplement that either amends or revokes a decedent’s will in whole or in part. A codicil does not replace the underlying will. 

[Last reviewed in July of 2022 by the Wex Definitions Team]

Coinsurance is a risk-sharing agreement between the insurer and the insured under a particular insurance policy.

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