Chapter 7, Title 11, United States Code

Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S.[1]

  1. ^ "Caseload Statistics Data Tables. Tabel F2: U.S. Bankruptcy Courts—Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code—During the 12-Month Period Ending March 31, 2019". U. S. Courts. Administrative Office of the U.S. Courts. Retrieved 5 July 2019.

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