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Chapter 7 Bankruptcy

2 Posts
1 Sections
1 Types

January 1, 1 5 min read Definitions

Bankruptcy Insolvency Debt Relief Chapter 7 Bankruptcy Chapter 13 Bankruptcy Creditor Protection Legal Proceedings

Bankruptcy is a legal proceeding involving a person or business that is unable to repay outstanding debts. Through bankruptcy, the debtor may seek relief from some or all debts.

Read more about Bankruptcy.

January 1, 1 6 min read Definitions

Chapter 7 Bankruptcy

Chapter 7 Bankruptcy Bankruptcy Debt Relief Liquidation Creditor Payment Insolvency Debt Discharge Financial Distress

Chapter 7 bankruptcy involves the liquidation of a debtor's non-exempt assets to pay off creditors in exchange for the discharge of most debts.

Read more about Chapter 7 Bankruptcy.