Michigan Laws 600.3010 – Short title of chapter
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Terms Used In Michigan Laws 600.3010
- 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 chapter may be referred to and cited as the “asbestos bankruptcy trust claims transparency act”.