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Which type of bankruptcy is sometimes called "straight" bankruptcy and involves the liquidation of all of the nonexempt assets an individual owns to immediately pay off debt to creditors?
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5 votes
Which type of bankruptcy is sometimes called "straight" bankruptcy and involves the liquidation of all of the nonexempt assets an individual owns to immediately pay off debt to creditors?

User Tacet
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2 Answers

6 votes
the answer would be Liquidation Bankruptcy.
User Vino
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1 vote
Liquidation Bankruptcy.

User Jeya Kumar
by
6.8k points
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