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What might an individual who goes through Chapter 7 bankruptcy be forced to sell?

A) their house
B) some of their clothes
C) some of their furniture
D) their vacation cabin

What might an individual who goes through Chapter 7 bankruptcy be forced to sell? A-example-1
User TheNavigat
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Answer: D) their vacation cabin

Explanation: A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor's nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code. Within each federal district court is established a bankruptcy court staffed by bankruptcy judges.

User Pauliwago
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D) their vacation cabin
User RamblerToning
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