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  2. Common types of bankruptcy and how to avoid filing - AOL

    www.aol.com/finance/common-types-bankruptcy...

    The most common types of bankruptcy for individuals are Chapter 7 and Chapter 13, each with unique eligibility requirements and outcomes. While Chapter 7 offers a fast track to debt discharge, it ...

  3. When should I file for bankruptcy? - AOL

    www.aol.com/finance/file-bankruptcy-011643245.html

    Bankruptcy is a legal process that helps individuals overwhelmed by debt eliminate or reorganize what they owe. For individuals, there are two main types of bankruptcy : Chapter 7 and Chapter 13.

  4. Personal bankruptcy - Wikipedia

    en.wikipedia.org/wiki/Personal_bankruptcy

    Individual bankruptcies are usually filed under chapter 7 or chapter 13. According to the American Bankruptcy Institute, in 2017 38.8% of Chapter 13 bankruptcy cases ended in dismissal. [5] In the first quarter of 2020, there were 175,146 individual bankruptcies in the United States. [6] About 66.5% of these were directly related to medical ...

  5. Thinking About Filing for Bankruptcy? It’s Worth Considering ...

    www.aol.com/thinking-filing-bankruptcy-worth...

    Chapter 7 bankruptcy, or liquidation bankruptcy, is available to individuals who can’t pay off their unsecured debt, like credit card bills or personal loans. When you file for Chapter 7 ...

  6. Bankruptcy - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy

    Bankruptcy exemptions are available only to individuals filing bankruptcy. [43] There are two alternative systems that can be used to exempt property from a bankruptcy estate, federal exemptions [44] (available in some states but not all), and state exemptions (which vary widely between states). For example, Maryland and Virginia, which are ...

  7. List of bankrupts - Wikipedia

    en.wikipedia.org/wiki/List_of_bankrupts

    The details vary between jurisdictions. In the US, the liquidation bankruptcy is governed by Chapter 7 of the Title 11 of the United States Code and is generally available to individuals passing a means test. Reorganization bankruptcy is governed by Chapters 11 and 13. [1] Chapter 11 is mostly used by high net-worth individuals. [2]

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