What is Chapter 7 bankruptcy?
Chapter 7 bankruptcy is a liquidation bankruptcy that typically discharges most unsecured debts in about 3–6 months. A court-appointed trustee may sell non-exempt assets to pay creditors, while many filers keep exempt property. This article explains eligibility, exemptions, the Chapter 7 process, and which debts can or can’t be discharged. Understanding Chapter 7 Bankruptcy Chapter […]
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