print email comment close "Straight" Bankruptcy: Chapter 7 URL: http://www.abanet.org/publiced/practical/bankruptcy7.html Description: "There are several types of bankruptcy, each provided in a separate chapter of the Bankruptcy Code, a federal statute. Proceedings under Chapter 7 (straight bankruptcy) involve surrendering most of the borrower's nonexempt assets." This site provides questions and answers about this type of bankruptcy, including explanations of exempt and nonexempt assets and how this type of case begins. From the American Bar Association (ABA). Publisher: American Bar Association (ABA) Library of Congress Subject Headings: Bankruptcy Finance, Personal Liquidation LII Database Information: Record 4291 created by Jennifer English on 03/14/2005 Last modification on 03/15/2005 Published: 03/14/2005   Funding agency: California State Library LII Item ID: http://lii.org/cs/lii/view/item/4291