Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - What is the provisions of the Bankruptcy Code on chapter 7 bankruptcy information? - A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13 (also called a wage earner’s plan). Instead, the bankruptcy trustee gathers and sells the debtor’s non-exempt assets and uses the proceeds of such assets to pay holders of claims (or the creditors) in accordance with the provisions of the Bankruptcy Code. <br /> <br />That is quoted on the site of my source. Hope it helps. -
