Indiana Code > Title 24 > Article 15 > Chapter 2 – Definitions
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Terms Used In Indiana Code > Title 24 > Article 15 > Chapter 2 - Definitions
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.