Confirmation - Approval of a plan of reorganization by a bankruptcy judge.⏎
Contingent claim - A claim that may be owed by the debtor under certain circumstances, e.g., where the debtor is a cosigner on another person's loan and that person fails to pay.⏎
Collateral - Property that is promised as security for the satisfaction of a debt.⏎
Dismissal with prejudice - Court action that prevents an identical lawsuit from being filed later.⏎
Consumer debts - Debts incurred for personal, as opposed to business, needs.⏎