Keyword Analysis & Research: chapter 7 bankruptcy definition

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What Chapter 7 bankruptcy can do for You?

The situation usually gets worse the longer you avoid confronting your financial problems, but a Chapter 7 bankruptcy can provide immediate relief. A Chapter 7 bankruptcy (also called “Liquidation Bankruptcy”) essentially allows you to permanently avoid most unsecured financial debts.

What is the process of a Chapter 7 bankruptcy?

The process of Chapter 7 bankruptcy includes the following steps: It is mandatory to get a career counselling done from the approved agencies by the United States Trustee’s Office. This should be done 6 months before you file for chapter 7 bankruptcy. Non compliance to filing the certificate completion course will lead to dismissal of your case.

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