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| Court Case: | 8:07-bk-12656 |
| Chapter 7: | Chapter 7 bankruptcy differs from Chapter 13 in that it does not require a repayment plan. Instead, it involves a trustee selling the debtor's nonexempt assets to repay creditors, following the rules of the Bankruptcy Code. Debtors may keep exempt assets but risk losing other property through this process. |
| Filed: | December 19, 2007 |
| Discharged: | May 15, 2008 |