Quick Answer. A group of oxen is referred to as a yoke. Oxen are often used in teams and yoked into a harness to pull heavy loads. Working oxen are normally males that are castrated because steers aren't as aggressive as bulls.
A reaffirrmation agreement allows you to keep your home in a bankruptcy case. Your home represents your most important personal and financial asset. If you find you are in serious financial trouble, you may wonder what you can do to keep your house if you file for bankruptcy. The U.S. Bankruptcy Code provides a process that may permit you to keep your house when you file for bankruptcy protection.
If you file for bankruptcy before foreclosure, your mortgage debt will be discharged. (Although the lien will remain, which means that if you default on payments, the lender can still foreclose.) Because there is no longer any mortgage debt, after the foreclosure sale there will be no deficiency and no tax liability for any cancelled deficiency debt. Another Benefit of Filing for Bankruptcy Before Foreclosure. As soon as you file for bankruptcy, an order called an âautomatic stayâ is issued by the court. The automatic stay prohibits your creditors from pursuing any collection activities, including any action related to a pending foreclosure.