{"iri":"https://folio.openlegalstandard.org/RjQP37RLKtTQzjd7UbRKcQ","label":"US Chapter 7 Bankruptcy","sub_class_of":["https://folio.openlegalstandard.org/R7LI3BONqNkXbKHKa0t3jyI","https://folio.openlegalstandard.org/R9JkqKed1jktjgwaeiLc7ru"],"parent_class_of":[],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/R8D2A8vpEW3oEpxLRVkaVDk"],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":["Chapter 7","Liquidation","US Chapter 7","USCHAP7"],"translations":{"fr-fr":"Faillite américaine de chapitre 7","pt-br":"Falência americana do Capítulo 7","es-mx":"Quiebra del Capítulo 7 de Estados Unidos","es-es":"Quiebra del Capítulo 7 de los Estados Unidos","en-gb":"US Chapter 7 Bankruptcy","de-de":"US-Insolvenzverfahren nach Kapitel 7","he-il":"חוקי הבנקרות של ארה״ב פרק 7","hi-in":"यूएस चैप्टर 7 दिवाली","ja-jp":"米国第7章破産","zh-cn":"美国第七章破产"},"hidden_label":"USCHAP7","definition":"Chapter 7 bankruptcy, sometimes referred to as liquidation bankruptcy, is the most common type of bankruptcy in the U.S., and the most basic form of bankruptcy. Chapter 7 provides liquidation of an individual's property and then distributes it to creditors.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":"B-USCHAP7","description":null,"source":null,"country":null}