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Chapter 7 Relief

A Chapter 7 case is sometimes referred to as a "liquidation case" or as "straight bankruptcy".  The purpose of a Chapter 7 case is to:

1.  Provide you with a fresh start by having some or all of your debts discharged (i.e. forgiven)
2.  Provide a money distribution to your creditors on their claims

As you will see, in many cases creditors are provided with no distribution of money at all in a Chapter 7 case because of the financial situation of the individual filing for bankruptcy relief.

To further explore Chapter 7 as well as other facets of Personal Bankruptcy, click on a link below.

Personal Bankruptcy Page
Chapter 13 Relief 
Examples of Chapter 7 and Chapter 13
Automatic Stay 
Trustees, 341 Meeting, and the Confirmation Meeting 
Your Property 
Miscellaneous 

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