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Bankruptcy Basics - Part 2: Types of Bankruptcy

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United States Courts

A brief review of the three main types of bankruptcy cases for individuals chapters 7, 11, and 13. The most common types of bankruptcy are Chapter 7, which is liquidating bankruptcy, and Chapter 13 cases, often used by individuals who want to catch up on past due mortgage or car loan payments and keep their assets.

Learn more about bankruptcy: http://www.uscourts.gov/bankruptcy

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posted by fwmialad