CHAPTER 7 BANKRUPTCY(often referred to as "liquidation bankruptcy") is commonly used by individuals who simply want to walk away from their debts, or by businesses that want to cease their operations and liquidate their assets.
New Chapter 7 Law Requirements
Now to fill a Chapter SEVEN Bankruptcy you must measure your current monthly income (average income over the last six months before you file) against the median income for a family of your size in your state.
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