A(n)______ is a proceeding under Chapter 7 in which a debtor states his or her debts and turns all assets over to a trustee, who sells the nonexempt assets and distributes the proceeds to creditors.

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A liquidation under Chapter 7 involves a debtor declaring their debts and handing over their assets to a trustee, who then sells the nonexempt assets to pay off creditors. This process is specifically designed to liquidate the debtor's assets to satisfy debts.

A(n)______ Is a Proceeding Under Chapter 7 in Which a Debtor