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Bankruptcy can feel overwhelming. Many people face financial struggles that lead them to consider this option. Chapter 7 bankruptcy is one of the most common forms of bankruptcy in the United States. It offers a way to eliminate most debts and start fresh. This guide will help you understand what Chapter 7 bankruptcy is, how it works, and what you need to know if you are considering it. What is Chapter 7 Bankruptcy? Chapter 7 bankruptcy is often referred to as "liquidation ba