Arraignment - A proceeding in which a criminal defendant is brought into court, told of the charges in an indictment or information, and asked to plead guilty or not guilty.⏎
Assets - Property of all kinds, including real and personal, tangible and intangible.⏎
Chapter 7 trustee - A person appointed in a Chapter 7 case to represent the interests of the bankruptcy estate and the creditors. The trustee's responsibilities include reviewing the debtor's petition and schedules, liquidating the property of the estate, and making distributions to creditors. The trustee may also bring actions against creditors or the debtor to recover property of the bankruptcy estate.⏎
Bankruptcy petition - A formal request for the protection of the federal bankruptcy laws. (There is an official form for bankruptcy petitions.)⏎
Bankruptcy code - The informal name for title 11 of the United States Code (11 U.S.C. §§ 101-1330), the federal bankruptcy law.⏎