Drowning in debt? Both Chapter 7 and Chapter 13 bankruptcy could offer relief, but they work very differently.
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What Is Chapter 7 Bankruptcy and How Does It Work?
Chapter 7 bankruptcy is a legal process designed to help people who genuinely cannot pay their debts. It’s often called “liquidation bankruptcy” because it can involve selling some property to pay ...
Corporations, limited liability companies (LLCs), and other businesses can file for protection under either Chapter 7 or Chapter 11 of the Bankruptcy Code. While a Chapter 11 bankruptcy can lead to ...
Diamond Comic Distributors Inc., the debtor in the long-running Chapter 11 bankruptcy, is now heading toward Chapter 7, with the debtor requesting that the U.S. Bankruptcy Court in Maryland convert ...
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