Chapter 7 (US)

GPTKB entity

Statements (33)
Predicate Object
gptkbp:instanceOf bankruptcy chapter
gptkbp:administeredBy bankruptcy trustee
gptkbp:alsoKnownAs liquidation bankruptcy
gptkbp:appliesTo individuals
businesses
gptkbp:cause loss of non-exempt property
gptkbp:codifiedIn gptkb:Title_11_of_the_United_States_Code
gptkbp:compatibleWith railroads
banks
credit unions
insurance companies
gptkbp:dateEnacted 1978
gptkbp:duration typically 3-6 months
gptkbp:eligibility subject to income limits
gptkbp:excludes certain property under state or federal law
certain types of debts
gptkbp:fareControl required
gptkbp:filingDate gptkb:United_States_Bankruptcy_Court
https://www.w3.org/2000/01/rdf-schema#label Chapter 7 (US)
gptkbp:oversees gptkb:United_States_Trustee_Program
gptkbp:partOf gptkb:United_States_Bankruptcy_Code
gptkbp:purpose provide relief from debts
gptkbp:relatedTo gptkb:Chapter_11_(US)
gptkb:Chapter_13_(US)
gptkbp:replacedBy gptkb:Bankruptcy_Act_of_1898
gptkbp:requires means test
credit counseling
gptkbp:result discharge of debts
liquidation of assets
automatic stay on collections
gptkbp:usedFor liquidation of non-exempt assets
gptkbp:bfsParent gptkb:Chapter_11_(US)
gptkbp:bfsLayer 7