Chapter 7 Bankruptcy
 About Chapter 7
Chapter 7 is the most common and simplest form of bankruptcy and is often referred to as a straight bankruptcy or a liquidation of debts because the debtor's unsecured debts are dischargeable. Chapter 7 permits families to keep certain exempt property so that they can continue to function in society. Chapter 7 is available to individuals, married couples, corporations and partners.
 Chapter 7 F.A.Q.
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