Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Chapter 7 (businesses and individuals) Bankruptcy is:? - Chapter 7 (businesses and individuals) Bankruptcy is:
A. Liquidation of all assets and paying off creditors (who all share in the losses, usually substantial)
B. Complete forgiveness of all debts
C. Temporary relief from creditors for a period of time while reorganization or rehabilitation takes place (creditors usually take some losses) -
