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Known popularly by its section in the Federal Bankruptcy Code, which of the following types of bankruptcy is the traditional form of bankruptcy wherein the

Known popularly by its section in the Federal Bankruptcy Code, which of the following types of bankruptcy is the traditional form of bankruptcy wherein the court simply liquidates the assets of the debtor and distributes the proceeds to creditors in proportion to their share of total claims?
Multiple Choice
Chapter 7 bankruptcy
Chapter 13 bankruptcy
Chapter 11 bankruptcy
Chapter 1 bankruptcy

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