{"iri":"https://lexicon.financial/ext/concept/Chapter7","label":"Chapter 7","definition":"A liquidation bankruptcy under Title 11 of the U.S. Bankruptcy Code: a court-appointed trustee sells the debtor's non-exempt assets and distributes the proceeds to creditors in statutory priority order. Most consumer bankruptcies and many small-business filings are Chapter 7.","license":"https://spdx.org/licenses/MIT","source":"ext","source_url":"https://lexicon.financial/ext/"}