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Wednesday, August 25, 2010. Chapter 7, otherwise known as liquidation or straight bankruptcy is generally the simplest and quickest. Its available to individuals, married couples, corporations and partnerships. A trustee appointed by the court gathers and sells your nonexempt property. The proceeds from the sale pay your creditors. Youre able to keep any exempt property. Exempt property could consist of the following see the list and code for your state for details. Most chapter 7 cases are n.CONTENT
This web page kimparkerlaw.blogspot.com states the following, "Wednesday, August 25, 2010." We saw that the webpage said " Chapter 7, otherwise known as liquidation or straight bankruptcy is generally the simplest and quickest." It also said " Its available to individuals, married couples, corporations and partnerships. A trustee appointed by the court gathers and sells your nonexempt property. The proceeds from the sale pay your creditors. Youre able to keep any exempt property. Exempt property could consist of the following see the list and code for your state for details. Most chapter 7 cases are n."