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Chapter 9. This is another repayment strategy which allows towns, towns, along with other federal government entities the opportunity to reorganize and fork out again their debts. Chapter thirteen. It's less difficult to qualify for Chapter thirteen than for Chapter 7. Rather than

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Inside a Chapter seven liquidation case, in some cases called “straight bankruptcy,” a trustee collects and sells the debtor’s nonexempt property (as spelled out beneath, you keep, or “exempt,” some assets including essential family goods and some money) and