In a Chapter 7 bankruptcy, the debtor's nonexempt assets are liquidated to pay debts.

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In a Chapter 7 bankruptcy, nonexempt assets are typically sold or liquidated to repay creditors. This is done as part of the debt discharge process, where the court may discharge some or all of the debtor's debts in exchange for the liquidation of non-exempt assets. However, some assets may be exempt from liquidation depending on the bankruptcy laws in the debtor's state.

In a Chapter 7 Bankruptcy, the Debtor's Nonexempt Assets Are