Indiana Code > Title 28 > Article 6.2 > Chapter 7 – Mutual Holding Company Conversion and Liquidation
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Terms Used In Indiana Code > Title 28 > Article 6.2 > Chapter 7 - Mutual Holding Company Conversion and Liquidation
- 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.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5