bankruptcy

Chapter 7 Bankruptcy is the Most Commonly Filed Type of Bankruptcy

What is Chapter 7 Bankruptcy? Chapter 7 Bankruptcy is the most commonly filed type of bankruptcy. Under Chapter 7, if the debtors have assets they are “liquidated” to discharge unsecured debts. Unsecured debts are mostly credit card or medical debts that are not attached to collateral. If you have problems with credit card debt, payday […]

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