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Court Case: | 8:09-bk-26361 |
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: | November 17, 2009 |
Discharged: | February 22, 2010 |