4 ms·
That’s not what happens in voluntary chapter 7 bankruptcy. The Trustee takes the assets and auctions it. You are thinking of ch. 11
by cdolan 8y ago
That’s not what happens in voluntary chapter 7 bankruptcy.
The Trustee takes the assets and auctions it. You are thinking of ch. 11
- hobofan 8y agoOh sorry, you are probably right there. I don't know the US system in detail and from a quick search, it looked like ch.7 would be the same stuff I've had experience with in Germany.