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Court Case: | 09-49900 |
Chapter 7: | Unlike Chapter 13's repayment structure, Chapter 7 involves no such plan. Here, a trustee is responsible for selling the debtor's nonexempt property, using the proceeds to pay creditors. Although some property is exempt, debtors might lose significant assets under Chapter 7. |
Filed: | October 19, 2009 |
Discharged: | January 22, 2010 |