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Terms Used In Tennessee Code 29-34-601

  • 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.

This part shall be known and may be cited as the “Asbestos Bankruptcy Trust Claims Transparency Act”.