Sentences with phrase «liquidation bankruptcy usually»

Not exact matches

• Chapter 7 Bankruptcy — Also known as a liquidation bankruptcy, a Chapter 7 bankruptcy will discharge most debts in a few months after filing, but the record of the bankruptcy itself usually remains active on a credit report forBankruptcy — Also known as a liquidation bankruptcy, a Chapter 7 bankruptcy will discharge most debts in a few months after filing, but the record of the bankruptcy itself usually remains active on a credit report forbankruptcy, a Chapter 7 bankruptcy will discharge most debts in a few months after filing, but the record of the bankruptcy itself usually remains active on a credit report forbankruptcy will discharge most debts in a few months after filing, but the record of the bankruptcy itself usually remains active on a credit report forbankruptcy itself usually remains active on a credit report for 10 years.

Businesses can file for liquidation via Chapter 7 bankruptcy, but this usually is best done with the help of an attorney.)

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.