CFR > Title 24 > Subtitle B > Chapter XX > Part 3288 > Subpart B – Hud Manufactured Home Dispute Resolution Program in Hud-Administered States
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In CFR > Title 24 > Subtitle B > Chapter XX > Part 3288 > Subpart B - Hud Manufactured Home Dispute Resolution Program in Hud-Administered States
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.