Assertion: chapter bankruptcy | /r/HasProperty | liquidation
Facets:
value: in the code
type: LOCATION
Source sentences:
text: Under pre-2005 bankruptcy rules, most filers could choose the type of bankruptcy best for them -- and most chose Chapter 7 bankruptcy (liquidation) over Chapter 13 bankruptcy (repayment).
text: Chapter 7 - Chapter 7 Bankruptcy is also called "liquidation.
text: Chapter 7 Bankruptcy is titled "Liquidation" in the Code, since most of the debtor's assets are sold for cash (or "liquidated") and used to pay creditors.
text: A Chapter 7 bankruptcy is known as a liquidation because under this section of the bankruptcy code, a company ceases to operate upon filing, and a trustee is appointed to sell off, or liquidate, the company's assets.