Debtor's plan - A debtor's detailed description of how the debtor proposes to pay creditors' claims over a fixed period of time.⏎
Debtor - A person who has filed a petition for relief under the Bankruptcy Code.⏎
Dismissal with prejudice - Court action that prevents an identical lawsuit from being filed later.⏎
Equity - The value of a debtor's interest in property that remains after liens and other creditors' interests are considered. (Example: If a house valued at $60,000 is subject to a $30,000 mortgage, there is $30,000 of equity.)⏎
Consumer bankruptcy - A bankruptcy case filed to reduce or eliminate debts that are primarily consumer debts.⏎