Which Chapter of the Bankruptcy Code covers liquidation?

A) Chapter 7
B) Chapter 13
C) Chapter 5
D) Chapter 11

Bankruptcy Code

A federal code consisting of statutes governing the process of legal insolvency in the United States, designed to resolve cases of individuals or entities that can no longer meet their financial obligations.

Liquidation

The process of converting assets into cash, often associated with dissolving a business and distributing its assets to claimants.