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What are the different types of bankruptcies?

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Four. Chapter 7 BK is a total liquidation of debts and available to individuals and businessess. Chapter 13, is a consolidation/repayment action and available to individuals and small businesses. Chapter 11 is a consolidation/repayment action and used by large businesses/corporations. Chapter 12 is a consolidation/repayment action used by farmers and private individuals in the fishing industry (fishermen/women).

First answer by Macky. Last edit by Macky. Contributor trust: 5187 [recommend contributor recommended]. Question popularity: 18 [recommend question].

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