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  2. Chapter 7, Title 11, United States Code - Wikipedia

    en.wikipedia.org/wiki/Chapter_7,_Title_11...

    Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]

  3. Thinking About Filing for Bankruptcy? It’s Worth Considering ...

    www.aol.com/finance/thinking-filing-bankruptcy...

    There are two main types of bankruptcy for consumers: Chapter 7 bankruptcy and Chapter 13 bankruptcy. Chapter 7 bankruptcy, or liquidation bankruptcy, is available to individuals who can’t pay ...

  4. Bankruptcy costs of debt - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy_costs_of_debt

    In the personal bankruptcy there is a cost associated with filling the paperwork. For Chapter 13 Bankruptcy there is a fee of $281 and for Chapter 7 Bankruptcy it is $306. [1] Additionally there can be other payments required, like Lawyer's fee, Conversion fee, Credit counselling and debtor education fee. [2] [3]

  5. Bankruptcy Abuse Prevention and Consumer Protection Act

    en.wikipedia.org/wiki/Bankruptcy_Abuse...

    The new legislation also requires that all individual debtors in either chapter 7 or chapter 13 complete an "instructional course concerning personal financial management." If a chapter 7 debtor does not complete the course, it constitutes grounds for denial of discharge pursuant to new . The financial management program is experimental and the ...

  6. 5 ‘must-haves’ to finding a bankruptcy lawyer - AOL

    www.aol.com/finance/5-must-haves-finding...

    Advising you on what sort of bankruptcy to opt for (the two main types are Chapter 7 and Chapter 13). Counseling you about what property you might be able to hold on to. Provide input on the tax ...

  7. Late on Chapter 13 bankruptcy payment. What now? - AOL

    www.aol.com/finance/chapter-13-bankruptcy...

    The court may also choose to convert your Chapter 13 to a Chapter 7 bankruptcy. This is different than discharging your case altogether. When your case is converted to Chapter 7, the trustee can ...

  8. Bankruptcy - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy

    The most common types of personal bankruptcy for individuals are Chapter 7 and Chapter 13. Chapter 7, known as a "straight bankruptcy", involves the discharge of certain debts without repayment. Chapter 13 involves a plan of repayment of debts over a period of years. Whether a person qualifies for Chapter 7 or Chapter 13 is in part determined ...

  9. Getting a mortgage after bankruptcy: What you need to know - AOL

    www.aol.com/finance/getting-mortgage-bankruptcy...

    Depending on whether you filed Chapter 7 or Chapter 13, it'll take two or four years to qualify for a conventional mortgage, one or two years for FHA or VA loans, and one or three years for USDA loan.

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