707b Action Law and Legal Definition

707(b) Action is a part of Chapter 7 bankruptcy case, a motion by the court, the United States trustee, the trustee, the administrator, or any party in interest to dismiss a debtor’s case on the ground that granting that debtor relief would constitute an abuse of the provisions of Chapter 7 of the United States…

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72 Hour Clause Law and Legal Definition

A 72 hour clause is a clause in a written contract for real estate purchase. This clause allows a seller to accept a buyer’s contingent offer to purchase his/her property, while allowing the seller to continue to market the property. For example, if a person has a house for sale, s/he will accept a buyer?s…

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