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27 April, 15:53

Which type of bankruptcy requires the liquidation of most of the debtor's assets?

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  1. 27 April, 16:23
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    Chapter 7 bankruptcy is a type of bankruptcy that requires the liquidation of most of the debtor's assets. It is the most common of the bankruptcy were may debts are forgiven and a variety of assets are sold, Chapter 7 bankruptcy is favored by individuals. Under of this bankruptcy, the debtor's assets are sold off to pay the lenders.
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