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Commercial and related consumer law (us)

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Bankruptcy -- there are several types of bankruptcy. Bankruptcy is authorized under the United States Constitution. Most of the statute can be found in Title 11 United States Code. Bankruptcy types are: Chapter 7 (liquidation); Chapter 9 (for municipalities); Chapter 11 (business reorganizations); Chapter 12 (farm reorganizations); and Chapter 13 (personal reorganizations, formerly called the wage earner plan).


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