- August 25th, 2015
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Category Archives: Uncategorized
Chapter 7 bankruptcy is an injunction against collection of certain debts and is overseen by the bankruptcy trustee. Another term for Chapter 7 bankruptcy is “liquidation” or “straight” bankruptcy. Chapter 7 automatically puts into effect an “Order for Relief” and an “Automatic Stay” which prevents creditors from collecting debt owed to them by the Debtor. […]