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The most senior claims belong to secured creditors, who have collateral on loans to the business.
A broker may forcibly liquidate a trader’s positions if the trader’s portfolio has fallen below the margin requirement or she has demonstrated a reckless approach to risk-taking.
"When I had my power cut off because I just didn't have the money to pay the power bill, a friend suggested I call Paula Greenway.
On Schedule A, you’ll list any real estate that you own. Schedule B will have a list of your personal stuff, couch, TV, dresser, jewelry etc. Schedule C will list the property you’re claiming as exempt, property that is protected from liquidation by the trustee.
Helping you draft Schedule C is one of the areas that your bankruptcy lawyer will really earn his or her keep.
Your lawyer will know which laws to use in order to best protect your property.