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prebankruptcy planning

debtor to take maximum advantage of exemptions. (Prebankruptcy planning typically includes converting nonexempt assets into exempt assets.) Source: Administrative Office of the U.S. Courts

practice

practice 1 : the form and manner of conducting judicial and quasi-judicial proceedings 2 a : the continuous exercise of a profession ;also : the performance of services that are considered to require an appropriate license...

postpetition transfer

postpetition transfer A transfer of the debtor's property made after the commencement of the case. Source: Administrative Office of the U.S. Courts

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petition preparer

petition preparer A business not authorized to practice law that prepares bankruptcy petitions. Source: Administrative Office of the U.S. Courts

PBGC

PBGC Pension Benefit Guaranty Corporation see also Pension and Welfare Benefits Administration in the Important Agencies section

organize

organize -nized -niz·ing vt 1 a : to set up an administrative structure for b : to persuade to associate in an organization (as a union) 2 : to arrange

operating expenses

a business not directly associated with the making of a product or providing of a service, such as administrative, technical or selling expenses

presidency

president of the U.S. ;also : the American governmental institution comprising the office of president and various associated administrative and policy-making agencies 2 : the term during which a president holds office 3 : the action or

opening statement

opening statement : a statement to the jury by trial counsel before the presentation of evidence that usually explains the nature of the case, the factual matters to be proven, and the evidence to be presented...

objection to exemptions

to the debtor's attempt to claim certain property as exempt from liquidation by the trustee to creditors. Source: Administrative Office of the U.S. Courts

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