Difference between revisions of "Chapter 7"

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Revision as of 22:53, November 14, 2007 (view source) BethanyS (talk \| contribs) (New page: The chapter of the Bankruptcy Code providing for "liquidation," that is, the sale of a debtor's nonexempt property and the distribution of the proceeds to creditors. In order to be eli...)		Latest revision as of 03:01, March 2, 2018 (view source) Quidam65 (talk \| contribs) (change to redirect page under main topic (Bankruptcy Code))
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−	~~The chapter of the~~ [[Bankruptcy Code~~]] providing for "liquidation," that is, the sale of a debtor's nonexempt property and the distribution of the proceeds to creditors. In order to be eligible for~~ Chapter 7~~, the debtor must satisfy a "means test." The court will evaluate the debtor's income and expenses to determine if the debtor may proceed under Chapter 7.~~	+	#REDIRECT [[Bankruptcy Code#Chapter 7]]
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−	~~[[Category:legal terms~~]]