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  2. Bankruptcy Abuse Prevention and Consumer Protection Act

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

    The automatic stay in bankruptcy is the result of Section 362 of the Bankruptcy Code that requires all collection proceedings to stop. There are exceptions, of course, but generally this is the term for the "relief" from collection proceedings a debtor receives by filing the bankruptcy with the bankruptcy clerk's office.

  3. 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]

  4. Bankruptcy in the United States - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy_in_the_United...

    Bankruptcy Code § 362 [28] imposes the automatic stay at the moment a bankruptcy petition is filed. The automatic stay generally prohibits the commencement, enforcement or appeal of actions and judgments, judicial or administrative, against a debtor for the collection of a claim that arose prior to the filing of the bankruptcy petition.

  5. 7 Key Signs Bankruptcy Is Not a Bad Thing for You - AOL

    www.aol.com/7-key-signs-bankruptcy-not-160008971...

    Filing for bankruptcy can provide a fresh start for distressed borrowers to resolve their personal debt obligations and move forward with financially sustainable futures, according to Scott Barna ...

  6. Common types of bankruptcy and how to avoid filing - AOL

    www.aol.com/finance/common-types-bankruptcy...

    Key takeaways. There are two common types of bankruptcy: Chapter 7 and Chapter 13. Filing for bankruptcy is a time-consuming process that can take years to stop affecting your finances.

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

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

    This is because filing for bankruptcy costs money, and if you have a smaller debt, it may not be worth the effort and fees. Most bankruptcy lawyers won’t take on your case unless you have at ...

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