Chapter 7 of the Title 11 of the United States
Code (Bankruptcy Code) governs the process of liquidation under
the bankruptcy laws of the United States. (In contrast, Chapter
11 governs the process of reorganization of a debtor in bankruptcy).
Chapter 7 is the most common form of bankruptcy in the United
States.
RESOURCES: Chapter 7 Bankruptcy
United States Bankruptcy Courts
U.S. Courts: Periodicals: Bankruptcy Basics
Cornell University Law School: Bankruptcy Overview - Legal Information Institute
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Personal Finance
Money Tip: Diversify your income sources. In addition to
increasing your income, diversification can ensure that
if one source of money dries up, you haven't lost everything.
Continue with your primary job while moonlighting as a
consultant or freelancer, or start a side business you
can do in the evenings or over the weekends. Do something
that comes naturally, that you are good at and you enjoy,
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