Thursday, 11 August 2022 | The Latest Buzz for the Appraisal Industry

Is Chapter 7 Bankruptcy Broken?

According to the U.S. Courts website, the fundamental goal of the Federal bankruptcy laws enacted by Congress is to give debtors a financial “fresh start” from burdensome debts and provides for “liquidation” in a Chapter 7 filing—the sale of a debtor’s property and the distribution of the proceeds to creditors. The Question Is, Does It? …

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