Bankruptcy Code Definitions

 

 

See Also

 

Bankruptcy Protection

Chapter 7 Bankruptcy

Chapter 13 Bankruptcy

Bankruptcy Dictionary

Bankruptcy Lawyer

 

 

Chapter 7

 

Chapter of the Bankruptcy Code addressing liquidation and available to both individual and business debtors. Its purpose is to achieve a fair distribution to creditors of whatever non-exempt property the debtor has and to give the individual debtor a fresh start through the discharge in bankruptcy.

 

 

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