Chapter seven bankruptcy gives the debtor a clean slate and is usually identified as liquidation bankruptcy or straight bankruptcy. The term “liquidation,” in reference to Chapter seven bankruptcy, denotes the fact that the trustee in the bankruptcy continuing is free of charge to liquidate unprotected or non-exempt property in order to repay c
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When you don’t ship the trustee the asked for files next the Recommendations offered inside their letter, you might not have a discharge within your debts.Inside of a Chapter 7 bankruptcy, the trustee will make an effort to provide any non-exempt property to pay for creditors. Inside of a Chapter thirteen bankruptcy, the trustee will oversee the