________ is the most common type of bankruptcy,accounting for nearly 70% of all bankruptcies.

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Chapter 7 bankruptcy is the most common type of bankruptcy, accounting for nearly 70% of all bankruptcies. It is also known as straight bankruptcy, where the debtor's non-exempt assets are sold and the proceeds are distributed to creditors. This type of bankruptcy is often used by individuals who have little to no assets and are unable to repay their debts.

________ Is the Most Common Type of Bankruptcy,accounting for Nearly