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.
Read more about Chapter 7, Title 11, United States Code: For Businesses, For Individuals, 2005 Bankruptcy Law Revision
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