Chapter 11 vs Chapter 7 Bankruptcy - Difference and Comparison | Diffen
https://www.diffen.com/difference/Chapter_11_Bankruptcy_vs_Chapter_7_Bankruptcy
WebIn Chapter 11 bankruptcy, debts are restructured in a way that debt repayment becomes more achievable. In Chapter 7 bankruptcy, which is the most common form of bankruptcy, many debts are forgiven, and a variety of personal assets are sold — liquidated — to repay as many remaining debts as possible. In general, Chapter 11 bankruptcy is ...
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