Bankruptcy

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Chapter 7 Bankruptcy

Chapter 7 bankruptcy is the most common type of bankruptcy petition filed in the United States.  It is used to liquidate a debtors assets and distribute them to the creditors as payment in full.  Except for obligations exempt from bankruptcy discharge, the debtor is absolved from further payment to the creditors.

Normally the entire process takes just a few months to complete from filing to liquidation to debt-free status.  A trustee is appointed by the court to liquidate the debtor's assets and distribute them to the creditors.  Debtors are allowed to retain some basic assets and may keep some secured assets while retaining the debt applicable to that asset.

 

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CD International Chapter 7 Bankruptcy Liquidation Daily Bankrupt Bankrupt ...
CD International Chapter 7 Bankruptcy Liquidation Daily Bankrupt Bankrupt Company News press release blog CD International Enterprises filed for Chapter 7 protection with the U.S. Bankruptcy Court in the Southern District of Florida, case number 17 24642. Advertisement. The Company, which sources and distributes industrial products in China and the and more raquo

Property Data Firm Xceligent Files For Chapter 7 Protection Wall Street Journal
Wall Street Journal Property Data Firm Xceligent Files for Chapter 7 Protection Wall Street Journal The board of Xceligent Inc., one of the largest commercial real estate data firms in the U.S., has filed for chapter 7 liquidation following a year long legal battle with rival CoStar Group Inc. CSGP 1.15 over alleged data theft, according to a and more raquo

South Arkansas Bankruptcies For The Week Ended Tuesday, December 12 Magnolia...
Magnoliareporter South Arkansas bankruptcies for the week ended Tuesday, December 12 Magnoliareporter Bankruptcy cases. Two Columbia County cases have been filed with the United States Bankruptcy Court since our last report. Facebook middot Twitter middot Email Print Save. South Arkansas bankruptcies by county for the week ended Tuesday, December 12, 2017

TechShop To Close All U.S. Locations Immediately, Filing Chapter 7 Pittsbur...
Pittsburgh Post Gazette TechShop to close all U.S. locations immediately, filing Chapter 7 Pittsburgh Post Gazette TechShop39s Pittsburgh location in Bakery Square has been battling financial strains since it reported monthly losses exceeding 30,000 in June, with members eventually joining together to create a new nonprofit to take the place of the co working maker TechShop Closed in Crystal City, Company Filing for Chapter 7 BankruptcyARL now TechShop filing for Chapter 7 bankruptcy and will close St. Louis St. Louis Business Journal Report: TechShop Shuts Down, Files For Bankruptcy Amid Heavy Losses, Unsustainable Business ModelForbes TechCrunch Washington Business Journal The Mercury News all 16 news articles raquo

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Facts of Law covering chapter 7 bankruptcy explained

Facts of Law - Bankruptcy Chapter 7