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Name Date Chapter 7 True/False Instructions: Circle T if the statement is true or F if the statement is false. T F 1. Forms are documents that are used to collect data. T F 2. A File upload form control
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Chapter 7 bankruptcy is a liquidation proceeding available to individuals, married couples, corporations, and partnerships. The trustee gathers and sells the debtor’s nonexempt assets and uses the proceeds of such assets to pay creditors in accordance with the provisions of the Bankruptcy Code.
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