A company experiencing financial hardship may have no choice but to file for bankruptcy and there are different types of bankruptcies to choose from. A chapter 7 bankruptcy is known as a straight ...
Failing the Chapter 7 means test doesn't end your pursuit of debt relief, but it may change the path you take.
Chapter 7 — Definition: Sometimes called “straight bankruptcy.” May be used by businesses or individuals. A portion of the debtor’s assets is liquidated and distributed among creditors by a ...
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