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"Chapter 7 of the Title 11 of the United States Code (Bankruptcy Code) governs the process of liquidation under the bankruptcy laws of the United States (In contrast, Chapters 11 and 13 govern the process of reorganization of a debtor in bankruptcy). Chapter 7 is the most common form of bankruptcy in the United States."
"A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor's nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code."
There is no such service that is designed to help the business repay or manage current debt or if your business is already in financial problem, so please don't apply for a business loan until you're sure the business can simply make the monthly repayments. You need to constantly assume carefully before committing to any type of credit.
I am not a lawyer and you may not like my opinion but probably you can legally kiss the $1200.00 goodbye. If you were not added to the register of people owed money when the bankruptcy was filled your only recourse will be if she values family and has the ability to express remorse and chooses to pay back the money.
sir you are not alone unless you have it in writing and signed by her that she will repay you there is absolutely nothing you can do . NOONE is ever getting helped with money by me again I can tell U that .
Effective November 16th, 2007, Computer World Solution, Inc. (trade name "X2Gen")
was declared a debtor under Chapter 11 of the United States Bankruptcy Code in
the Northern District of Illinois Bankruptcy Court. As of the effective date,
the Debtor's ordinary course operations have been discontinued.
The bankruptcy case number is 07-21123 and further information can be
obtained through the U.S. Bankruptcy Court Northern District of Illinois
Electronic Filing System, (https://ecf.ilnb.uscourts.gov/). You can
view the Petition that was
filed as well as the Consent
which the company provided to the court.