A: A chapter 7 is the most common form of Arizona bankruptcy and is most often filed by individuals and couples. This bankruptcy protection is also available to corporations, partnerships, and limited liability companies (LLCs). In Arizona Chapter 7 bankruptcy proceedings, a court-appointed trustee liquidates your non-exempt assets and divides funds equally between creditors. All remaining debts are then discharged.

Read More about What is Chapter 7 bankruptcy protection?

2017-05-03T00:34:54+00:00May 3rd, 2017|

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