Sentences with phrase «called liquidation bankruptcy»
It is, however, called a liquidation bankruptcy, which means it allows a court - appointed trustee to accumulate your nonexempt assets and sell them to generate funds to repay certain creditors.
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Chapter 7 bankruptcy is called a liquidation bankruptcy because it allows a court - appointed bankruptcy trustee to be appointed to your case, gather your nonexempt assets, and liquidate them to repay your qualifying creditors.
Not exact matches
Also called liquidation or straight bankruptcy, Chapter 7 bankruptcy cancels most or all of your debts.
Sometimes called the Wage Earner's Bankruptcy, Chapter 13 allows those with enough income to repay all or part of their debts an alternative to liquidation.
Liquidation bankruptcies are called «Chapter 7» and reorganization bankruptcies are known as «Chapter 13» (because of the section of federal law these are found in).
A Chapter 7 (sometimes called a «liquidation bankruptcy») is a bankruptcy in the common parlance of layman's terms.
Chapter 7 bankruptcy is sometimes called «liquidation» bankruptcy because it cancels your debts in exchange for allowing the bankruptcy court liquidate (sell) some of your property for the benefit of your creditors.
We've even received calls from partners to discuss bankruptcy and that the possibility of moving house is no longer possible, due to the Limited Liability Partnership (LLP) they joined going into liquidation.
A bankruptcy filing under Chapter 7 is called liquidation.
Chapter 7 bankruptcy is usually called «liquidation» because the bankruptcy trustees in Chapter 7 bankruptcy cases may opt to sell any non-exempt property the debtor owns.
The simplest and quickest way to file for personal bankruptcy in Tennessee is with a Chapter 7 bankruptcy, also called a Straight Bankruptcy or libankruptcy in Tennessee is with a Chapter 7 bankruptcy, also called a Straight Bankruptcy or libankruptcy, also called a Straight Bankruptcy or liBankruptcy or liquidation.
Chapter 7 bankruptcy is often called as «liquidation» because the bankruptcy trustee in your Chapter 7 bankruptcy case has the option to liquidate, or sell, any of your non-exempt assets.
Chapter 7 bankruptcy is often called «liquidation» because in Chapter 7 bankruptcy cases, the bankruptcy trustee has the option to liquidate (sell) any non-exempt property owned by the debtor.
Chapter 7 bankruptcy, which is sometimes called «liquidation,» offers filers a discharge of unsecured debts, like credit card bills and payday loan debt.
Chapter 7 bankruptcy laws outline a process called liquidation, in which some of the debtor's assets are sold by the court in exchange for total forgiveness of eligible debts.
Chapter 7 bankruptcy is often called «liquidation.»
Chapter 7 bankruptcy is often called «liquidation» because bankruptcy trustees in Chapter 7 bankruptcy cases have the option to sell any non-exempt property the debtor may own.
Chapter 7 bankruptcy is called «liquidation» because the bankruptcy trustees in Chapter 7 bankruptcy cases have the option to liquidate any non-exempt property that the debtor owns.
Aero had from the beginning of the bankruptcy called the retailer's reorganization plans «illusory» and said liquidation would be the most realistic course, according to court documents.