In Chapter 7 bankruptcy, if the sale of a debtor's property cannot satisfy their debts, creditors must accept partial payment or no payment at all, and the court discharges any remaining obligations.

Authors

• Person: Ben Luthi Organization: Experian
  Bankruptcy vs. Debt Consolidation: Which Is Better for You? - Experian

Sources

• Bankruptcy vs. Debt Consolidation: Which Is Better for You? - Experian www.experian.com Ben Luthi · Experian via serper

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• Chapter 7 bankruptcy concept