legal vocab set 2

Bail

A sum of money or property given to ensure a defendant's appearance in court.

Bankruptcy

A legal process for individuals or businesses to eliminate or repay debts.

Bankruptcy Trustee

An appointed individual managing the bankruptcy process for a debtor.

Bench Trial

A trial decided by a judge without a jury.

Brief

A written document outlining legal arguments in a case.

Burden of Proof

The responsibility to prove a claim or allegation in a legal proceeding.

Business Bankruptcy

A legal process for businesses to reorganize or liquidate their debts.

Damages

Monetary compensation awarded for loss or injury.

Debtor

An individual or entity that owes money to another party.

Debtor’s Plan

A proposal for how a debtor intends to repay debts in bankruptcy.

Declaratory Judgement

A court ruling that clarifies legal rights or obligations without ordering action.

Defendant

The party accused or sued in a court of law.

Deposition

A sworn out-of-court testimony used as evidence in legal proceedings.

Discharge

The release of a debtor from personal liability for certain debts.

Disclosure Statement

A document outlining important information about a plan to reorganize debts.