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A Bankruptcy Trustee (usually, the Formal Trustee at AFSA) is appointed to cope with all matters regarding the administration of your bankrupt estate. The Trustee's task includes notifying creditors on the estate and dealing with creditor inquiries; guaranteeing the bankrupt complies with their obligations beneath the Bankruptcy Act; investigating

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That’s various from your far more Serious Chapter seven filing, which liquidates non-exempt belongings and employs that money to pay your creditors.From time to time known as a “new start” bankruptcy, a “thoroughly clean slate” bankruptcy or perhaps a “liquidation,” Chapter seven bankruptcy is The easiest method to choose Charge of yo

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