Chapter 7
Term · Law · MLC-T-LAW-000046
The chapter of the Bankruptcy Code providing for "liquidation" (i.e., the sale of a debtor's nonexempt property and the distribution of the proceeds to creditors.)
| Identifier | MLC-T-LAW-000046 |
|---|---|
| Field | Law |
| References | U.S. Courts Glossary of Legal Terms |
Record as JSON
{
"id": "MLC-T-LAW-000046",
"term": "Chapter 7",
"field": "Law",
"definition": "The chapter of the Bankruptcy Code providing for \"liquidation\" (i.e., the sale of a debtor's nonexempt property and the distribution of the proceeds to creditors.)",
"references": [
"U.S. Courts Glossary of Legal Terms"
],
"url": "https://mlchart.com/terminology/law/chapter-7/"
}
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