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Get the free Comparison of Chapter 7 and Chapter 13 Bankruptcy (Chart) - americanbar

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GENERAL COMPARISON OF CHAPTER 7 AND CHAPTER 13 BANKRUPTCY. Chapter 7. Chapter 13. Straight Bankruptcy Liquidation. Payment Plan for ...
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Chapter 7 comparison is a document that compares the assets, liabilities, and financial status of a company before and after filing for Chapter 7 bankruptcy.
The company or individual filing for Chapter 7 bankruptcy is required to file the comparison.
The comparison of chapter 7 is typically filled out with the assistance of a bankruptcy attorney or financial advisor, ensuring all required information is accurately reported.
The purpose of the comparison of chapter 7 is to provide the bankruptcy court with an understanding of the financial changes that occurred as a result of filing for Chapter 7 bankruptcy.
The comparison of chapter 7 must report detailed information on the company's assets, liabilities, income, expenses, and any changes that have occurred since filing for bankruptcy.
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