Dec 9, 2013 | Corporate Glossary, Estate Planning Glossary, Glossary, Litigation Glossary, Transactional Glossary
Legal advice; a term also used to refer to the lawyers in a case.Dec 9, 2013 | Glossary, Transactional Glossary
Contracts or leases under which both parties to the agreement have duties remaining to be performed. If a contract or lease is executory, a debtor may assume it (keep the contract) or reject it (terminate the contract).Dec 9, 2013 | Glossary, Transactional Glossary
Property that a debtor is allowed to retain, free from the claims of creditors who do not have liens on the property.Dec 9, 2013 | Corporate Glossary, Estate Planning Glossary, Glossary, Transactional Glossary
Any relative of the debtor or of a general partner of the debtor; partnership in which the debtor is a general partner; general partner of the debtor; or corporation of which the debtor is a director, officer, or person in control.