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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. 

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. 

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