Lancaster County bankruptcies: May 20, 2018 - LancasterOnline

05/20/18


LancasterOnline

Lancaster County bankruptcies: May 20, 2018
LancasterOnline
Chapter 7. Under Chapter 7 of the U.S. Bankruptcy Code, a debtor's assets are liquidated to pay creditors. Under Chapter 11, the debtor, often a company, reorganizes and may pay some creditors. Under Chapter 13, a debtor proposes a repayment plan.

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