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Chapter 7, Title 11, United States Code
English Wikipedia - The Free Encyclopedia
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Chapter 7, Title 11, United States Code
Chapter 7
of the
Title 11 of the United States Code
(Bankruptcy Code) governs the process of
liquidation
under the
bankruptcy
laws of the
United States
. (In contrast, Chapters
11
and
13
govern the process of
reorganization
of a
debtor
in bankruptcy.) Chapter 7 is the most common form of
bankruptcy in the United States
.
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