Chapter 7 Bankruptcy
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Individuals and families that are looking to get rid of the consumer debt they have accumulated can apply for Chapter 7 Bankruptcy. With this bankruptcy, you can discharge some or all of the debt if they meet the specified qualifications. If you have low to moderate income, a large amount of debt and willing to sell some of the more valuable assets, Chapter 7 Bankruptcy can be right for you. The process for chapter 7 bankruptcy usually takes between 4 and 5 months. Everyone has different circumstances and depending on the situation, the process can take longer or shorter.
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