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2. Chapter 7, Title 11, United States Code - Wikipedia

   en.wikipedia.org/wiki/Chapter_7,_Title_11...

   Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]

3. Bankruptcy - Wikipedia

   en.wikipedia.org/wiki/Bankruptcy

   Chapter 7, known as a "straight bankruptcy", involves the discharge of certain debts without repayment. Chapter 13 involves a plan of repayment of debts over a period of years. Whether a person qualifies for Chapter 7 or Chapter 13 is in part determined by income. [49] [50] As many as 65% of all US consumer bankruptcy filings are Chapter 7 cases.

4. United States bankruptcy court - Wikipedia

   en.wikipedia.org/wiki/United_States_bankruptcy_court

   Bankruptcy courts appoint a trustee to represent the interests of the creditors and administer the cases. The U.S. Trustee [3] appoints Chapter 7 trustees for a renewable period of 1 year, Chapter 13 trustees are "standing trustees" who administer cases in a specific geographic region.

5. Pink Energy files for bankruptcy amid mounting complaints ...

   www.aol.com/news/pink-energy-files-bankruptcy...

   A Chapter 7 bankruptcy seeks to liquid the company, unlike a Chapter 11 reorganization bankruptcy. ... amid mounting lawsuits and customer complaints. N.C. Attorney General Josh Stein’s office ...

6. Student loans and bankruptcy: What you need to know - AOL

   www.aol.com/finance/student-loans-bankruptcy...

   An attorney can go over your options and let you know if bankruptcy is a viable option for your situation. Decide if you will file for Chapter 7 or Chapter 13 bankruptcy. ... and review process is ...

7. Bankruptcy Abuse Prevention and Consumer Protection Act

   en.wikipedia.org/wiki/Bankruptcy_Abuse...

   Prior to the BAPCPA Amendments, debtors of all incomes could file for bankruptcy under Chapter 7. BAPCPA restricted the number of debtors that could declare Chapter 7 bankruptcy. The act sets out a method to calculate a debtor's income, and compares this amount to the median income of the debtor's state.