Tuesday, January 11, 2011

The maximum amount of liability in a chapter 7 bankruptcy

In some types of bankruptcy, a limit has the amount of debt that the debtor may have to qualify. However, this is not the case with a chapter 7 bankruptcy. Chapter 7 BankruptcyChapter is 7 bankruptcy liquidation exempt property a debtor and the distribution of these products to the creditors of the succession. If the debtor free has no property, creditors receive money from the amount the chapter 7 bankruptcy LiabilitiesA process.Maximum which dismissed bankruptcy no maximum amount of the debt or otherwise in bankruptcy.Means TestInstead is a limitation of liabilities to determine whether a chapter 7 bankruptcy a debtor is entitled, certain criteria must be met, listed by "Means test". Validation of resources is primarily used to assess the income of the debtor.

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