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• a bankruptcy that requires assets be liquidated in exchange for the cancellation of debt.

  Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program - Cite This Source - This Definition
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  Cite Definition for Chapter 7 Bankruptcy

  American Psychological Association (APA)

  Chapter 7 Bankruptcy. (n.d.). Making Home Affordable Glossary. Retrieved March 28, 2023, from website: http://www.expertglossary.com/definition/chapter-7-bankruptcy.

  Chicago Manual of Style (CMS)

  Chapter 7 Bankruptcy. www.makinghomeaffordable.gov. Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. http://www.expertglossary.com/definition/chapter-7-bankruptcy (accessed: March 28, 2023).

  Modern Language Association (MLA)

  "Chapter 7 Bankruptcy." Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. 28 March. 2023 http://www.expertglossary.com/definition/chapter-7-bankruptcy.

• Browse Related Terms: Chapter 7 Bankruptcy, Federal Home Loan Mortgage Corporation (Freddie Mac), Federal National Mortgage Association (Fannie Mae), Investment Property, Mortgage-Backed Securities (MBS), Preferred Stock, Primary Mortgage Market, Secondary Mortgage Market, Securitization

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