341 Meeting of Creditors
A meeting where the debtor answers questions under oath about finances and the bankruptcy case.
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Bankruptcy Library
Bankruptcy Terms Explained in Plain English
Encountered a bankruptcy term you don’t understand? Start with a clear definition, then explore practical guidance about what it may mean for your situation.
Browse Bankruptcy Terms
Start with these common terms. Each definition connects to relevant guidance where available.
Automatic Stay
A legal pause that generally stops many collection actions when a bankruptcy case is filed.
Read the definition →Bankruptcy Trustee
A person appointed to administer a bankruptcy case, with duties that depend on the chapter.
Read the definition →Discharge
A court-ordered release from personal liability for certain debts, with protection against collecting those discharged debts.
Read the definition →Exemption
A legal protection that can let a debtor keep qualifying property in bankruptcy.
Read the definition →Means Test
An income-and-expense analysis used to assess whether certain Chapter 7 filings are presumed abusive.
Read the definition →Proof of Claim
A document filed by a creditor stating the debt it claims is owed in the bankruptcy case.
Read the definition →Reaffirmation Agreement
An agreement to remain personally responsible for a debt that would otherwise be eligible for discharge.
Read the definition →Secured Debt
A debt backed by a lien or security interest in property, such as a home or vehicle.
Read the definition →Unsecured Debt
A debt that is not backed by a lien or security interest in particular property.
Read the definition →Understanding a term is a starting point.
Stewart Law helps clients throughout Florida understand their bankruptcy options. General definitions cannot tell you which chapter fits your finances or how a rule applies to you.
General legal information, not advice for your specific situation. Laws and procedures can change.