Definition of "Chapter 7"

Georgia Woodbine real estate agent
Georgia Woodbine, Real Estate Agent Joseph Baratta & Company Realty

Also called straight bankruptcy. A provision of the 1978 bankruptcy Reform Act providing for a persons property to be divided among creditors to satisfy his/her unpaid debts. Any debtor subject to Chapter 7 is also subject to Chapter 11. See also bankruptcy.

 

Need help from a real estate agent?


Buy Sell Rent

I agree to receive FREE real estate advice.

Are you a realtor and want to become a member?


Residential Rental Commercial

I agree to receive FREE real estate advice.

Have a question or comment? We're here to help.

 

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Popular Real Estate Questions