Chapter 7 Bankruptcy The Chapter 7 Bankruptcy liquidation approach converts a debtor’s non-exempt assets to cash distributed in conformity with the Code. An honest debtor is discharged from most of the remaining debts and given a fresh start. Eligible debtors include individuals, partnerships, and corporations. Among others, the following entities are generally not eligible to…

Originally posted 2018-07-31 17:31:28.

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