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	<title>Wojtan, Vallone &#38; Melin Attorneys at Law&#187; Chapter 7</title>
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		<title>Chapter 7 Liquidation in Plain English</title>
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		<pubDate>Sat, 29 Aug 2009 15:30:48 +0000</pubDate>
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				<category><![CDATA[Bankruptcy]]></category>
		<category><![CDATA[Chapter 7]]></category>

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		<description><![CDATA[Under Chapter 7, sometimes known as a liquidation, a bankruptcy trustee gathers and sells the debtor's nonexempt assets, and uses the proceeds to pay holders of claims (creditors). In general, however, the majority of Chapter 7 cases are no-asset cases, in which the debtor has no available property for the trustee to sell.]]></description>
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		<title>Bankruptcy &#8211;  When all is gone, not all is lost</title>
		<link>http://www.wojtan.com/497/bankruptcy/bankruptcy-when-all-is-gone-not-all-is-lost/</link>
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		<pubDate>Sat, 29 Aug 2009 14:32:50 +0000</pubDate>
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				<category><![CDATA[Bankruptcy]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Chapter 7]]></category>
		<category><![CDATA[Credit Counseling]]></category>

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		<description><![CDATA[Personal bankruptcy generally is considered the debt management option of last resort because the results are long lasting and far-reaching. A bankruptcy stays on your credit report for 10 years, and can make it difficult to obtain credit, buy a home, get life insurance, or sometimes get a job. Still, it is a legal procedure that offers a fresh start for people who can't satisfy their debts.]]></description>
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		<title>Chapter 7 Liquidation Under the Bankruptcy Code</title>
		<link>http://www.wojtan.com/450/bankruptcy/chapter-7-liquidation-under-the-bankruptcy-code/</link>
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		<pubDate>Sat, 29 Aug 2009 01:05:09 +0000</pubDate>
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		<category><![CDATA[Chapter 7]]></category>

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		<description><![CDATA[A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor's nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code.]]></description>
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		<title>Alternatives to Chapter 7</title>
		<link>http://www.wojtan.com/434/bankruptcy/alternatives-to-chapter-7/</link>
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		<pubDate>Sat, 22 Aug 2009 03:06:16 +0000</pubDate>
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				<category><![CDATA[Bankruptcy]]></category>
		<category><![CDATA[Chapter 7]]></category>

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		<description><![CDATA[Debtors should be aware that there are several alternatives to chapter 7 relief. For example, debtors who are engaged in business, including corporations, partnerships, and sole proprietorships, may prefer to remain in business and avoid liquidation.]]></description>
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