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Which type of bankruptcy is sometimes called "straight" bankruptcy and involves the liquidation of all the non-exempt assets an individual owns to immediately pay off …

Which type of bankruptcy is sometimes called "straight" bankruptcy and involves the liquidation of all the non-exempt assets an individual owns to immediately pay off …
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Which type of bankruptcy is sometimes called "straight" bankruptcy and involves the liquidation of all the non-exempt assets an individual owns to immediately pay off debt to creditors?

A- Chapter 13
B- Chapter 11
C- Chapter 7
D- Chapter 9
This is an APEX question.

User Pete Wilson
by
8.1k points

2 Answers

0 votes

Answer:

C. Chapter 7 is correct Apex answer

User Stensootla
by
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5 votes
I believe it would be Chapter 7, not sure though. I will let you know if it's correct.
User LunicLynx
by
8.3k points
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