Chapter 7, 13, 11 Bankruptcy Explained - JD Supra (press release)
03/02/12
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Chapter 7, 13, 11 Bankruptcy Explained
JD Supra (press release)
A Chapter 7 bankruptcy is known as a liquidation proceeding, because a debtor filing under this chapter subjects his or her non-exempt assets to the control of a bankruptcy trustee whose job it is to sell those assets to pay creditors.
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JD Supra (press release)
A Chapter 7 bankruptcy is known as a liquidation proceeding, because a debtor filing under this chapter subjects his or her non-exempt assets to the control of a bankruptcy trustee whose job it is to sell those assets to pay creditors.
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