Chapter 7 applies to all debtors, with the exception of railroads, insurance companies, banks, savings and loan associations, homestead associations, and credit unions.

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Chapter 7 of the United States Bankruptcy Code provides for the liquidation of a debtor's non-exempt property and the distribution of the proceeds to creditors. However, it specifically excludes certain types of entities such as railroads, insurance companies, banks, savings and loan associations, homestead associations, and credit unions from filing under this chapter, often because these entities are governed by separate regulatory frameworks and have different liquidation processes.

Chapter 7 Applies to All Debtors, with the Exception of Railroads