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In the Chapter seven liquidation circumstance, from time to time termed “straight bankruptcy,” a trustee collects and sells the debtor’s nonexempt assets (as stated under, you keep, or “exempt,” some belongings like standard residence items and some money) a
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Not long ago, a ‘suggests test’ was added to the combination for Chapter seven eligibility. To put it simply, Should you have sufficient cash to repay a meaningful sum for your creditors above the next three to 5 years, you may not be permitted to continue in your Chapter seven c