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United States the law provides for one liquidation chapter (chapter 7);. The two major types of bankruptcy for consumers are Chapter 7 and Chapter 13. Chapter 7 allows you to discharge debt after some assets have been liquidated. A Chapter 7 bankruptcy is a liquidation proceeding. It is the most logical choice for a farmer who cannot continue to farm and who must terminate his or her. Hutchinson encyclopedia article about Chapter 7 bankruptcy. Chapter History The Place 7 bankruptcy. Information about Chapter 7 bankruptcy in the Hutchinson encyclopedia. Bankruptcy considerations

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