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- 16:49, 2 August 2024 FloydGentile1 talk contribs created page Chapter 7 - Bankruptcy Basics (Created page with "<br>3. An involuntary chapter 7 case may be commenced beneath certain circumstances by a petition filed by creditors holding claims against the debtor. Four. Every debtor in a joint case (both husband and wife) can claim exemptions beneath the federal bankruptcy laws. 5. In North Carolina and Alabama, bankruptcy administrators carry out similar capabilities that U.S. Nonetheless, it has complicated the processes for implementing cross-border restructurings and insolvenci...")