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RAFFLESRAFFLES This chapter contains information on raffle conduct, inventory, and records. Chapter 7CONTENTS Raffle definition ............................... 105 Prizes .............................................
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Chapter 7 raffles this is a bankruptcy filing option for individuals or businesses to liquidate assets to pay off debts.
Individuals or businesses who are unable to repay their debts and want to seek forgiveness for certain debts may file for Chapter 7 bankruptcy.
To fill out Chapter 7 bankruptcy forms, individuals or businesses must disclose their assets, income, expenses, and debts.
The purpose of Chapter 7 bankruptcy is to provide a fresh start for debtors by liquidating assets to pay off debts and seeking forgiveness for certain debts.
Information such as assets, income, expenses, and debts must be reported on Chapter 7 bankruptcy forms.
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