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Today's Terms
Liquidation value
Definition:
The aggregate value of a business if its assets are sold piecemeal.
Reamortization
Definition:
If your loan is reamortized, the delinquency is added to the loan balance in order to bring your payments up to date. This increases your loan amount and will also increase your monthly payments.
Chapter Twenty Two
Definition:
An unofficial term describing a company that has filed for Chapter 11 twice.
More Bankruptcy Terms >
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