Chapter 7, known as straight or liquidation bankruptcy, of Title 11 in the U.S. bankruptcy code, controls the process of asset liquidation.

]]>https://definedictionarymeaning.com/topic/118982/chapter-7RSS for NodeSat, 06 Jun 2026 05:23:15 GMTWed, 11 Sep 2019 13:45:02 GMT60a part of the US law dealing with bankruptcy in which a person or companys property may be taken by a court and sold in order to pay back debts to the creditors (= the people who are owed money) :

]]>https://definedictionarymeaning.com/post/345014https://definedictionarymeaning.com/post/345014Thu, 11 Feb 2021 05:24:07 GMT