Under Chapter 7 bankruptcy the trustee collects the debtor's exempt property, sells it and dispenses the proceeds to the creditors in a fair manner.
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Q2: Bankruptcy filings must not be made for
Q3: An individual or business that owes money
Q4: Because priority debts are deemed to be
Q5: A contract that is entered into by
Q6: The most common type of bankruptcy filed
Q8: The means test uses a complex formula
Q9: An example of a debt that is
Q10: Bankruptcy law is divided in clauses.
Q11: Insolvency often leads to default.
Q12: Two types of actions by the debtor
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