Question: (1) What does insolvent mean? 92) What does liquidation mean? (3) What is the difference between a secured creditor and an unsecured creditor? (4) Briefly,

(1) What does "insolvent" mean? 92) What does "liquidation" mean? (3) What is the difference between a secured creditor and an unsecured creditor? (4) Briefly, what happens in a Chapter 7 bankruptcy? (5) Briefly, what happens in a Chapter 13 bankruptcy? (6) Briefly, what happens in a Chapter 11 bankruptcy? (7) Generally, how long does a bankruptcy remain on your credit record? (8) How does the law define real property and personal property? (9) What is meant by fee simple absolute? (10) What does it mean to say that two people have joint tenancy (ownership) of property? (11) What does it mean to say that two people have tenancy (ownership) of property in common

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