Also known as liquidation (converting assets into money) or a straight bankruptcy, ..... 7 Bankruptcy is the most common form of bankruptcy filing; under this part of the Code, all non-exempt property of the debtor is sold and the proceeds of the same are distributed to the creditors. (*) Act (*) Chapter (*) Paragraph (*) Section
This is a companion discussion topic for the original entry at https://english.best/questions/9739,also-known-as-liquidation-converting-assets-into-money-or-a-straight-bankruptcy-___-7-bankruptcy-is-the-most-common-form-of-bankruptcy-filing-under-this-part-of-the-code-all-non-exempt-property-of-the-debtor-is-sold-and-the-proceeds-of-the-same-are-distributed-to-the-creditors/