The Basics of a Consumer Chapter 7 Bankruptcy, part 1 of 3

When most people think of bankruptcy, they automatically think of a Chapter 7 bankruptcy.  This is because most people think of bankruptcy as simply getting rid of their debts.  However, for most individuals, there are actually two types of bankruptcy, Chapter 7 and Chapter 13.  Generally, an individual chooses to file either a Chapter 7 or Chapter 13 bankruptcy, each having its own...
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