1 Answer
Chapter 7 bankruptcy comes under the liquidation category. It's called liquidation because the bankruptcy trustee may take and sell ("liquidate") some of your property to pay back some of your debt. However, you may keep property that is protected (also called "exempt") under state law. There are several types of reorganization bankruptcies, but Chapter 13 is the most common type for consumers. In Chapter 13 bankruptcy, you keep all of your property, but must make monthly payments over three to five years to repay all or some of your debt.
12 years ago. Rating: 1 | |
Related Questions In This Category
WHAT ABOUT ISO 55000 CERTIFICATION ?
Answers: 0
| Views: 16
| Rating: 0
| Posted: 3 days ago
Seo Agency in UK
Answers: 0
| Views: 17
| Rating: 0
| Posted: 2 days ago
Mẹo vặt 24h - meovat24h.dev - Chia sẻ mẹo vặt cuộc sống hằng ngày
Answers: 0
| Views: 12
| Rating: 0
| Posted: 7 hours ago
Top contributors in Business & Finance category
Unanswered Questions
Chúng tôi không chỉ cung cấp máy CNC mà còn là đối tác đồng hành, luôn cam kết hỗ trợ khách hàng để họ đạt được mục tiêu và thành công của mình.
Answers: 0
Views: 4
Rating: 0
77winltdvn
Answers: 0
Views: 9
Rating: 0
Soi Cầu 247
Answers: 0
Views: 6
Rating: 0
Mẹo vặt 24h - meovat24h.dev - Chia sẻ mẹo vặt cuộc sống hằng ngày
Answers: 0
Views: 11
Rating: 0
Mẹo vặt 24h - meovat24h.dev - Chia sẻ mẹo vặt cuộc sống hằng ngày
Answers: 0
Views: 12
Rating: 0
AllCric
Answers: 0
Views: 10
Rating: 0
AllCric
Answers: 0
Views: 11
Rating: 0
tructiepbongdabeauty
> More questions...
Answers: 0
Views: 15
Rating: 0