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2 types of personal bankruptcy differ in a number of ways
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Los Angeles Times
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June 28, 2009
When it comes to personal bankruptcy, it's all in the numbers: Chapters 7 and 13 of the U.S. Bankruptcy Code are the government-designed refuge for those buried in debt. Chapter 7, also known as a liquidation bankruptcy, wipes out most debts but requires the petitioner to pass a complex 'means test'...
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