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chapter 7

Explaining Chapter 7 Bankruptcy
bankruptcy law

Explaining Chapter 7 Bankruptcy

July 8, 2013April 12, 2023

Chapter 7 is the simplest form of bankruptcy in which a debtor asks the court to cancel their debts because of their inability to pay. Under this type of bankruptcy, the debtor may have to surrender some property, but does not have to surrender all property. In most cases, the defendant can keep property that…

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    • Chapter 7 Bankruptcy
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