Sentences with phrase «liquidation type of bankruptcy»
Not exact matches
For most individuals, there are two types of bankruptcy: liquidation (Chapter 7) and reorganization (Chapter 13).
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A confirmation in bankruptcy is a bankruptcy judge's approval of a plan of reorganization or liquidation in certain types of bankruptcies.
There are basically two types of bankruptcies for individuals: liquidation and reorganization.
In Chapter 7 bankruptcy, the most common type of personal bankruptcy, creditors sometimes have the right to take certain property in exchange for debt forgiveness, a process known as liquidation.