Outrageously Funny Word Dictionary :: Withholders

👉 A holder in bankruptcy is a person or entity who has been granted permission by the court to stay payments of debts until all other creditors are paid. This allows them to avoid having their assets seized and sold, as well as potentially avoiding further financial losses due to unpaid bills. In summary, holders in bankruptcy are individuals or entities who have been granted permission from the court to continue paying off creditors on their behalf while they wait for the payment of their debts.

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