CHAPTER 7 BANKRUPTCY
\t͡ʃˈaptə sˈɛvən bˈaŋkɹʌptsi], \tʃˈaptə sˈɛvən bˈaŋkɹʌptsi], \tʃ_ˈa_p_t_ə s_ˈɛ_v_ə_n b_ˈa_ŋ_k_ɹ_ʌ_p_t_s_i]\
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The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.
By Oddity Software
Word of the day
hydromorphic
- [Greek] Structurally adapted to an aquatic environment, as organs of water plants.
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