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 What is chapter 7 in the bankruptcy laws?

Answer Bankruptcy is a last-resort option for individuals and businesses that have too much debt to control. One type, chapter 7, involves near-complete liquidation of the petitioner's assets in order to ... Read More »
http://www.answerbag.com/q_view/1866366

Top Q&A For: What is chapter 7 in the bankruptcy laws

Alabama Chapter 7 Bankruptcy Laws?

As an Alabaman consumer, you can file for bankruptcy under Chapter 7 or Chapter 13 of the Federal Bankruptcy Code. Chapter 7 is also called straight bankruptcy because it wipes out all debts except... Read More »
http://www.ehow.com/list_6570178_alabama-chapter-7-bankruptcy-laws.html

Chapter 7 Bankruptcy Fraud Laws?

Chapter 7 bankruptcy fraud is the act of using the federal bankruptcy system to avoid paying debts that a petitioner has the ability to repay. Bankruptcy fraud is a federal offense which anyone can... Read More »
http://www.ehow.com/list_6551807_chapter-7-bankruptcy-fraud-laws.html

Chapter 7 Bankruptcy Laws in Louisiana?

A Chapter 7 bankruptcy filing allows consumers to discharge any debt obligations and receive a fresh financial start. Each state has specific income guidelines and exemptions that are required for ... Read More »
http://www.ehow.com/list_7357647_chapter-7-bankruptcy-laws-louisiana.html

Chapter 7 Bankruptcy Laws Simplified?

If a person finds himself in an overwhelming financial situation, sometimes the only option is to file for bankruptcy--often--Chapter 7 bankruptcy. Chapter 7 is also called straight bankruptcy, or... Read More »
http://www.ehow.com/list_6562059_chapter-7-bankruptcy-laws-simplified.html


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