There are only two types of bankruptcy procedures in the United States, which are set out
Chapter 7 and 11 of the 1978 Bankruptcy Reform Act.

Name: There are only two types of bankruptcy procedures in the United States, which are set out Chapter 7 and 11 of the 1978 Bankruptcy Reform Act.
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The statement is true because the 1978 Bankruptcy Reform Act only established two types of bankruptcy procedures in the United States, which are set out in Chapter 7 and 11.

There Are Only Two Types of Bankruptcy Procedures in the United