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Facing bankruptcy can be a very stressful thing to deal with and the complexity of bankruptcy laws don't make it any easier to get through.  There are six different types of bankruptcy with Chapter 7 Bankruptcy being the simplest and quickest form of bankruptcy available.


Basically in Chapter 7 Bankruptcy you give all of your "non-exempt" property and debt to a trustee who liquidates the property and then takes the proceeds and distributes them to your debtors.  There are bankruptcy attorneys available in your area to help you through the process and get you back on financial track again.



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