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Bookmark or Share- Filing a Chapter 7 Bankruptcy: Basic Steps - NoloChapter 7 is the bankruptcy chapter intended to help lower-income filers who can't afford to repay some of their debts. You must take the Chapter 7 means test to determine if you qualify. However, you'll be exempt from the means test if most of your debt is from a business venture or you're a qualifying military member.
- Chapter 7 Bankruptcy: What It Is, How It Works, RamificationsChapter 7 bankruptcy, often referred to as "liquidation bankruptcy," is a legal process designed to help individuals and businesses eliminate most of their debts.
- Chapter 7 bankruptcy - Liquidation under the bankruptcy codeLiquidation under Chapter 7 is a common form of bankruptcy. It is available to individuals who cannot make regular, monthly, payments toward their debts. Businesses choosing to terminate their enterprises may also file Chapter 7.
- Chapter 7, Title 11, United States Code - WikipediaIndividuals who reside, have a place of business, or own property in the United States may file for bankruptcy in a federal court under Chapter 7 ("straight bankruptcy", or liquidation). [4]
- A Chapter 7 Bankruptcy Overview - NoloChapter 7 bankruptcy eliminates debts without requiring filers to repay creditors, often making it the preferred choice of bankruptcy filers. Chapter 7 is also the cheapest bankruptcy chapter to file and the quickest to complete, usually taking four months.
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