Chapter 7
Chapter 7
Chapter 7 refers to a section of the U.S. Bankruptcy Code that defines a type of court protection for insolvent individuals or entities. In Chapter 7 bankruptcy filings, the insolvent entity's property is sold off, and the proceeds are used to pay creditors. When the insolvent entity is a company, the secured creditors are paid first, followed by unsecured creditors and, lastly, investors.
Find Mortgage Rates
National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed |
5.03 |
| 15 yr fixed |
4.58 |
| 5/1 ARM | 3.99 |
Rates may contain points
