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    Types of bankruptcy

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    What are the differences between the types of bankruptcy? Explain your answer.

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    Different types are:

    Chapter 7 is designed for debtors in financial difficulty who do not have the ability to pay their existing debts. Debtors whose debts are primarily consumer debts are subject to a "means test" designed to determine whether the case should be permitted to proceed under chapter 7. If your income is greater than the median income for your state of ...

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    The differences between the types of bankruptcy are examined.