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Bookmark or Share- Types of Bankruptcies Explained: Chapter 7, 11 and 13 - Debt.orgPersonal bankruptcy generally comes in two flavors, known by their places in the federal Bankruptcy Code: Chapter 7 and Chapter 13. Chapter 7 is the most commonly chosen option, with 381,217 cases filed in 2020. That represents 70% of bankruptcies that year. Chapter 7 is straightforward and essentially misnamed.
- Bankruptcy - United States CourtsBankruptcy helps people who can no longer pay their debts get a fresh start by liquidating assets to pay their debts or by creating a repayment plan. Bankruptcy laws also protect financially troubled businesses. This section explains the bankruptcy process and laws.
- Bankruptcy - WikipediaBankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.
- Types of Bankruptcies: Which One Is Right For You? - ForbesFor creditors, bankruptcy offers a way to collect on debts they may otherwise write off. The United States Bankruptcy Code provides six types of bankruptcy: Chapter 7, 9, 11, 12, 13 and 15....
- Bankruptcy Basics - United States CourtsBankruptcy Basics provides basic information to debtors, creditors, court personnel, the media, and the general public on different aspects of federal bankruptcy law.
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