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Chapter 7 – Bankruptcy Rules. Options to Chapter 7

This chapter associated with Bankruptcy Code offers up “liquidation” – the purchase of the debtor’s nonexempt home while the circulation for the profits to creditors. Debtors must be aware there are a few options to chapter 7 relief. For instance, debtors that are involved with company, including corporations, partnerships, and single proprietorships, may choose to stay static in company and get away from liquidation. Such…

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