Chapter 7 Bankruptcy
Chapter 7 bankruptcy is a liquidation proceeding. Once the debtor receives a discharge, the debts cannot be enforced or collected against the debtor. But Chapter 7 bankruptcy has its own disadvantages. The main disadvantage is that the debtor will lose all of his or her non-exempt property. This section will provide you with detailed information about Chapter 7.
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What is Chapter 7, Eligibility, Questions, More
What is exempt property, What is non-exempt property, Debts that survive a Chapter 7 bankruptcy, More