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Chapter 7 bankruptcy is the most common type of bankruptcy filed by individuals in the United States. It is also known as liquidation bankruptcy because the court appoints a trustee to sell the debtor's non-exempt assets to pay off their creditors. Chapter 7 bankruptcy can be a complex process, but it can also provide significant relief for people who are struggling with debt.
What is Chapter 7 bankruptcy?
Chapter 7 bankruptcy is a legal process that allows individuals to discharge their debts. This means that the debtor is no ... more
