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Best interests of creditors test

• The requirement that a claim holder voting against a plan of reorganization must receive at least as much as he would have if the debtor were liquidated.

 
 

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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

It is not good enough to have a good mind; the main thing is to use it well. - Rene Descartes

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