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This chapter of your Bankruptcy Code supplies for "liquidation" - the sale of the debtor's nonexempt property as well as the distribution on the proceeds to creditors.Photoroyalty/Shutterstock Bankrate is often editorially independent. When we adhere to stringent editorial integrity , this post may perhaps consist of references to items from our as

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Except if the bankruptcy courtroom authorizes usually, a creditor may well not look for to collect a “client credit card debt” from any unique who is liable along with the debtor. Buyer debts are All those incurred by an individual principally for a personal, spouse and children, or domestic objective.Update My Browser The data on this website