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BANKRUPTCY

CHAPTER 7

Often called a bankruptcy liquidation. Most people qualify for a Chapter 7 bankruptcy and can often keep their possessions.

CHAPTER 11

Often called a business reorganization. A Chapter 11 is for organizations or individuals who make a lot of money.

CHAPTER 13

Often called a personal reorganization. A Chapter 13 is for individuals who do not meet the means test for a Chapter 7.

An experienced attorney can help you decide which chapter of bankruptcy is right for you.



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