Chapter 7 filings may be turned down for a number of explanations, among the them: debts for income/residence acquired by Wrong pretenses; debts for fraud; debts for destructive damage when contested via the injured creditor; or debtor, with out satisfactory rationalization, helps make a c

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Chapter 7 bankruptcy is frequently termed “liquidation” bankruptcy. People commonly choose this chapter when they don't have adequate cash flow to repay their debts. Most debts in Chapter 7 are removed and totally discharged. Disclaimer: Ascend strives to keep its info correct