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.)⏎
Due process - In criminal law, the constitutional guarantee that a defendant will receive a fair and impartial trial. In civil law, the legal rights of someone who confronts an adverse action threatening liberty or property.⏎
Dischargeable debt - A debt for which the Bankruptcy Code allows the debtor's personal liability to be eliminated.⏎
Creditor - A person to whom or business to which the debtor owes money or that claims to be owed money by the debtor.⏎
Defendant - An individual (or business) against whom a lawsuit is filed.⏎