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What Are the Different Types of Bankruptcies? | DaveRamsey.com

(2 days ago) What Are the Types of Bankruptcies? Even though the general goal of bankruptcy is to clear debt, not all bankruptcies are created equal. In fact, there are six different types of bankruptcies: Chapter 7: Liquidation. Chapter 13: Repayment Plan. Chapter 11: Large Reorganization. Chapter 12: Family Farmers. Chapter 15: Used in Foreign Cases

https://www.daveramsey.com/blog/types-of-bankruptcies

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Types of Bankruptcies Explained: Chapter 7, 11, 13 (Which ...

(1 days ago) Other Types of Bankruptcies. The bankruptcies listed above are by far the most common. They made up 99.9% of the bankruptcies filed in 2019. There are, however, carveouts in the Bankruptcy Code for debtors in specialty situations. Only 731 of the 774,940 cases filed in 2019 fell in these categories. Chapter 12: For Family Farmers and Fishermen

https://www.debt.org/bankruptcy/types/

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Every Type of Bankruptcy Explained - Upsolve

(4 days ago) Bankruptcy is a legal mechanism for debt relief. United States bankruptcy laws offer different types of bankruptcy depending on the type of filer. The most common distinction here is people vs. businesses or personal vs. corporate bankruptcy. Each type of bankruptcy is designated by a chapter of the Bankruptcy Code.

https://upsolve.org/learn/every-type-of-bankruptcy-explained/

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Different Types of Bankruptcy Chapter 7, 11, 12 & 13 ...

(1 days ago) Different Types of Bankruptcy. Chapter 7 bankruptcy wipes out unsecured debts. Unless you have valuable assets, repayment isn’t required. Chapter 13 bankruptcy addresses most secured and unsecured debts if you repay them partially or in full. Chapter 11 bankruptcies temporarily protect businesses and high net-worth individuals while they ...

https://www.thefitzgeraldlawfirm.com/different-types-of-bankruptcy/

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2 Types of Personal Bankruptcy - The Balance

(3 days ago) Under the U.S. Constitution, you have the ability to relieve all or part of your debts when you can no longer meet your obligations to creditors and lenders.Two major types of personal bankruptcy apply to consumers. Chapter 7 bankruptcy allows debtors to discharge all or part of their debt.

https://www.thebalance.com/basic-types-of-personal-bankruptcy-960606

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The Different Chapters of Bankruptcy Explained - NFCC

(2 days ago) Below is an overview of the details of each of the different chapters of bankruptcy. Chapter 7. Chapter 7 bankruptcy, sometimes referred to as liquidation bankruptcy, is the most common type of bankruptcy in the U.S., and the most basic form of bankruptcy.

https://www.nfcc.org/resources/blog/different-chapters-bankruptcy-explained/

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3 Types of Business Bankruptcy

(2 days ago) The different types of bankruptcies are called “chapters” due to where they are in the U.S. Bankruptcy Code. Chapter 13: Adjustment of Debts for Individuals With Regular Income Chapter 13 bankruptcy is a reorganization bankruptcy typically reserved for individuals.

https://www.thebalancesmb.com/what-is-business-bankruptcy-393017

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Bankruptcy: How it Works, Types & Consequences - Experian

(2 days ago) With both types, you'll be expected to pay your own court costs and attorney fees. However, the two types of bankruptcy relieve debt in different ways. Chapter 7 Bankruptcy. Chapter 7 bankruptcy, also known as "straight bankruptcy," is what most people probably think of when they're considering filing for bankruptcy.

https://www.experian.com/blogs/ask-experian/credit-education/bankruptcy-how-it-works-types-and-consequences/

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Chapter 7 vs. Chapter 13 vs. Chapter 11 Bankruptcy ...

(1 days ago) Chapter 13 bankruptcy eliminates qualified debt through a repayment plan over a three- or five-year period. Chapter 7, Chapter 11 and Chapter 13 bankruptcies all impact your credit, and not all your debts may be wiped out. How Chapter 7 Bankruptcy Works. Chapter 7 is the most common type of bankruptcy and is often referred to as a straight ...

https://www.credit.com/debt/filing-for-bankruptcy-difference-between-chapters-7-11-13/

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How to Choose the Right Type of Bankruptcy in Wisconsin

(3 days ago) Although there are a number o f different types of bankruptcy within the United States Bankruptcy Code, most personal bankruptcy cases in Wisconsin fall under one of two: Chapter 7 and Chapter 13.. Before we start parsing out what each one is for specifically, let’s define exactly what bankruptcy is since the concept can be confusing for those who are new to the concept.

https://www.thefitzgeraldlawfirm.com/how-to-choose-the-right-type-of-bankruptcy-in-wisconsin/

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The 6 Different Types Of Bankruptcy In the US - MISHIYEVA ...

(5 days ago) Now that we have discussed the different types of bankruptcies available to U.S. residents we will discuss the types of debts that are dischargeable in bankruptcy. Although bankruptcy is able to eliminate most debts, it does erase some. You can expect bankruptcy to provide the following advantages:

https://kmbankruptcylawyerny.com/blog/the-6-different-types-of-bankruptcy-in-the-us/

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Which Type of Bankruptcy Should You File? Chapter 7 vs. 13

(1 days ago) Chapter 12 bankruptcy is designed for farmers and fishermen. Chapter 12 repayment plans can be more flexible in Chapter 13. In addition, Chapter 12 has higher debt limits and more options for lien stripping and cramdowns on unsecured portions of secured loans. Choosing the Right Type of Bankruptcy

https://www.alllaw.com/articles/nolo/bankruptcy/which-type-chapter-7-chapter-13.html

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Bankruptcy: Terms and Types - Types of Bankruptcy ...

(4 days ago) Types of Bankruptcy. The four types of bankruptcy are named for their respective chapters in the United States Bankruptcy Code. The type of bankruptcy that you file depends on several factors, including whether or not you are an individual or part of a corporation. Chapter 7 is what

https://money.howstuffworks.com/personal-finance/debt-management/bankruptcy1.htm

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The 5 Different Kinds of Bankruptcy

(5 days ago) There are many different kinds of bankruptcy. Here are some basic points about some of the more common types of bankruptcy that are available to the public. Chapter 7. Among the 5 types of bankruptcies, this one is the most uncomplicated. An individual, a married couple or business partners can apply for this proceeding.

https://www.newhorizon.org/credit-info/the-5-different-kinds-of-bankruptcy/

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3 Types Of Bankruptcy

(1 days ago) Choosing which type to file, or even to file at all, should only be done in consultation with an experienced bankruptcy attorney. Chapter 7 is the traditional liquidation, or “straight bankruptcy. It is by far the most common case filed representing approximately 80 percent of all filings.

http://www.forbankruptcy.com/3-types-of-bankruptcy/

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Types of Bankruptcy - Bankruptcy Articles | legalzoom.com

(1 days ago) For individuals, there are two basic types of bankruptcies : chapter 7 and chapter 13. An individual may file for bankruptcy under Chapter 7, which is sometimes called "fresh start" or a "liquidation" bankruptcy. In a Chapter 7 bankruptcy, an individual may keep certain kinds of property (called "exempt" property), and his or her remaining property will be sold to pay off his or her debts ...

https://www.legalzoom.com/knowledge/bankruptcy/topic/types-of-bankruptcy

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Chapter 7 vs. Chapter 13 Bankruptcy | Nolo

(2 days ago) Most bankruptcies are filed under either Chapter 7 or Chapter 13 bankruptcy. If you're not familiar with how they both work, use the handy table below. It highlights some of the primary differences between Chapter 7 and Chapter 13 bankruptcy so that you can choose the right chapter for you.

https://www.nolo.com/legal-encyclopedia/what-is-the-difference-between-chapter-7-chapter-13-bankrutpcy.html

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The different types of bankruptcy explained - Davis Law Firm

(2 days ago) There are four types of bankruptcy: chapter 7, 11, 12, and 13. They are named depending on their chapters in the United States Bankruptcy code. The types differ based on the debtor, the debtor’s income, and the methods used in repaying the debts. Chapter 7 and 13 bankruptcy are for individuals seeking to settle their debt.

https://jeffdavislawfirm.com/the-different-types-of-bankruptcy-explained/

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Donald Trump Business Bankruptcies - List and Reasons

(2 days ago) 6 Corporate Bankruptcies . Trump has filed Chapter 11 bankruptcy for his companies six times. Three of the casino bankruptcies came during the recession of the early 1990s and the Gulf War, both of which contributed to hard times in Atlantic City, New Jersey's gambling facilities.

https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019

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Types of Bankruptcies | Chapter 7, 9, 11, 12 & 13 Bankruptcy

(5 days ago) 5 Types of Bankruptcies. Bankruptcy is a legal course of action that individuals or organizations can undertake when they are unable to pay their debt obligations and therefore, want to free themselves from such obligations. There are primarily five diverse types drawn by the Bankruptcy Code of the United States – including Chapter 7, 9, 11 ...

https://www.wallstreetmojo.com/types-of-bankruptcies/

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Different Types of Bankruptcies: Common Options & Strategies

(2 days ago) Types of Bankruptcies for Individuals. It may be surprising, but people, not businesses, file the most common types of bankruptcies. There are 3 types of bankruptcies for people, but companies more commonly use one of them. The two most frequently used types of bankruptcies for individuals are Chapter 7 and Chapter 13, according to the ...

https://www.creditassociates.com/different-types-of-bankruptcies/

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What are the different types of bankruptcies?

(6 days ago) Before looking at the different types of bankruptcies, it makes sense to start with where bankruptcy cases come from. The source of bankruptcy cases is found in federal law, Title 11 of the United States Code. This entire group of laws is commonly known as the Bankruptcy Code.

https://lork.nyc/what-are-the-different-types-of-bankruptcies/

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Different types of bankruptcies – Parker Lipton

(5 days ago) All bankruptcies are not created equal and the fact that multiple types of bankruptcy exist can allow consumers to select the plan that best meets their needs. The American Bar Association explains that while Chapter 7 and Chapter 13 bankruptcies may both result in a discharge of debt, the way that each goes about it is very different.

https://parkerlipton.com/articles/different-types-of-bankruptcies/

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Types of Bankruptcies and Alternatives to Consider ...

(5 days ago) Different types of bankruptcies. There are different types of bankruptcies that a debtor can file. These types of bankruptcies largely depend on personal circumstances. Broadly speaking, the two main categories are Chapter 7 and Chapter 13 bankruptcy which are explained below.

https://www.clevergirlfinance.com/blog/types-of-bankruptcies/

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Different Types of Bankruptcy - Fair Fee Legal Services

(1 days ago) OTHER TYPES OF BANKRUPTCY. There are other types of bankruptcies you may qualify for depending on your situation or needs. CHAPTER 11 BANKRUPTCY. Chapter 11 is a reorganization bankruptcy primarily available to businesses, corporations, partnerships, or limited liability companies.

https://www.fairfeelegalservices.com/different-types-of-bankruptcy/

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Different Types of Bankruptcies | What Are the Different ...

(2 days ago) Bankruptcy will not necessarily clear all debts, and there are several types of bankruptcy. Indeed, bankruptcy law allows for a variety of situations, and you will need to consider which type of bankruptcy is most likely to be best for you. Chapter 7 Bankruptcy. This type of bankruptcy is known for its liquidation.

https://www.goodfinancialcents.com/different-types-of-bankruptcy/

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Different types of bankruptcies – Parker Lipton

(5 months ago) Different types of bankruptcies A Chapter 7 bankruptcy and a Chapter 13 bankruptcy can both help people struggling with debt but in very different ways. The worst of the recent recession may have officially hit the United States a few years ago but its effects are still felt by many people in Massachusetts today.

https://parkerlipton.com/different-types-of-bankruptcies/

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What Is Bankruptcy? Different Types and Why People File ...

(1 days ago) There are several different types of bankruptcy. The most common ones, though, are likely Chapter 7, Chapter 11, and Chapter 13 bankruptcy. Chapter 7 Bankruptcy

https://www.thestreet.com/markets/bankruptcy/what-is-bankruptcy-14708068

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What are the Different Types of Bankruptcies? | Skelton ...

(5 months ago) Different Types of Bankruptcies A Quick Lesson in Law Basics. The United States Code is an organized system of general and permanent published laws divided into subjects. It is broken down by titles. Titles include a bundle of relevant information similar to a topic. Comparable to a book there are Titles and chapters.

https://skeltonlawfirms.com/2019/08/17/what-are-the-different-types-of-bankruptcies/

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Bankruptcy: Chapter 7 vs. Chapter 13 - Experian

(5 days ago) Chapter 7 bankruptcy is known as a liquidation bankruptcy. Most of your property is sold and used to pay off your debts. Chapter 7 bankruptcy is generally meant for people with limited incomes who do not have the ability to pay back all or some portion of their debts. Chapter 13 bankruptcy is referred to as a reorganization bankruptcy. Your ...

https://www.experian.com/blogs/ask-experian/bankruptcy-chapter-7-vs-chapter-13/

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Choosing the Type of Bankruptcy: Chapter 7 or 13 | Lawyers.com

(6 days ago) The Difference Between Chapter 7 and Chapter 13 Bankruptcy. Even though Chapter 7 and Chapter 13 bankruptcy share some similarities—for example, your state’s exemption statutes allow you to keep, or “exempt,” the same amount of propertyno matter which bankruptcy type you file—the two chapters work differently. In Chapter 7 bankruptcy, you don’t pay anything back to your creditors.

https://www.lawyers.com/legal-info/bankruptcy/consumer-bankruptcy/choosing-the-type-of-bankruptcy-chapter-7-or-13.html

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Types of Bankruptcy - Chapter 7 vs. Chapter 13 - GreenPath

(4 days ago) You’ve probably heard people refer to different types of bankruptcy. There are multiple types of bankruptcy in the United States, and they all work differently. Types of Bankruptcies. Chapter 7: This type of bankruptcy can be used by individuals, and is done through liquidation. Chapter 9: This type of bankruptcy can only be used by ...

https://www.greenpath.com/types-of-bankruptcy/

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Debt Management Basics, Ch. 5: 5 most common types of ...

(5 days ago) Chapter 11: Also known as reorganization, this type of bankruptcy is for individuals and more commonly, businesses to restructure debt. Similar to Chapter 13, in that it allows the filer to draft ...

https://www.bankrate.com/finance/debt/5-most-common-types-of-bankruptcy.aspx

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These Are the Different Types of Bankruptcies | Benzinga

(8 days ago) Advertiser Disclosure The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the ...

https://www.benzinga.com/content/18479049/these-are-the-different-types-of-bankruptcies

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What are the differences between the various chapters of ...

(2 days ago) Chapter 11 bankruptcy is very similar to Chapter 13. The main difference is that there is no limit regarding the amount of money owed by the debtor. Originally only intended for large corporations, individuals can now file Chapter 11 as well. Filing for bankruptcy is not to be taken lightly. It affects your credit rating for many years.

https://money.howstuffworks.com/personal-finance/debt-management/chapters-bankruptcy.htm

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Bankruptcy | United States Courts

(1 days ago) All bankruptcy cases are handled in federal courts under rules outlined in the U.S. Bankruptcy Code. There are different types of bankruptcies, which are usually referred to by their chapter in the U.S. Bankruptcy Code. Individuals may file Chapter 7 or Chapter 13 bankruptcy, depending on the specifics of their situation.

https://www.uscourts.gov/services-forms/bankruptcy

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Bankruptcy Definition

(3 days ago) Corporate Undertaker: An informal term for liquidator. As the name implies, a corporate undertaker oversees the liquidation of an insolvent company. In other, more descriptive words, he or she is ...

https://www.investopedia.com/terms/b/bankruptcy.asp

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The Different Types of Bankruptcy - Fun Cheap or Free

(1 months ago) Bankruptcy is no joke! We're going to walk you through the nitty-gritty of the different types of bankruptcy, as well as a way to keep away from it! If you've reached this article, you should have already read all about bankruptcy and what exactly it is. If you haven't, you can find it Part 1 HERE. Go read it and we'll wait patiently for you to ...

https://funcheaporfree.com/types-of-bankruptcy/

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Different Types of Bankruptcy - HG.org

(12 days ago) Different Types of Bankruptcies in America and the Bankruptcy Abuse Prevention. The recent economic downturn put many in a difficult financial position, unable to repay all of their obligations. This has been true for not just individuals, but businesses and cities, as well. When this occurs, the law provides a mechanism for getting out of ...

https://www.hg.org/different-types-of-bankruptcy.html

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What are the various types of bankruptcy?

(5 days ago) There are several different types of bankruptcy procedures and each is known by the title of the chapter of the Federal Bankruptcy Act in which they appear. Each Chapter contains a different set of laws and rules. The two most common types of bankruptcy are Chapter 7 and Chapter 13.

https://www.freeadvice.com/legal/what-are-the-various-types-of-bankruptcy/

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What Are the Different Types of Bankruptcies? Chapter 7 vs ...

(5 days ago) Opening a bankruptcy case can provide certain protections, such as effectively stopping debt collectors and delaying the process of recovering assets. Bankruptcy Options for Individuals. Chapter 7 and Chapter 13 are the two most common types of bankruptcies for individuals.

https://badcreditwizards.com/avoiding-bankruptcy/

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What Are The Two Main Types of Florida Bankruptcy?

(1 months ago) The other type of bankruptcy in Florida is known as Chapter 13 Bankruptcy. The debtor creates a three to five-year repayment plan and proposes it to his or her creditors. This plan is to be paid by the individual’s future income. It is also used to pay tax arrears, stop interest from growing on your tax debt, keep non-exempt property and much ...

https://berkmyer.com/types-of-florida-bankruptcy/

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What is Bankruptcy? Different types of bankruptcy? | JVD India

(5 days ago) Bankruptcy is a legal process, an option for an individual, family or corporation who find themselves unable to pay off their debts. Three types of bankruptcy . Chapter 7 Bankruptcy – Traditional bankruptcy is called ‘Chapter 7’ of the Bankruptcy Code. Under Chapter 7, you either pay for or give up your properties for secured debts.

https://www.jvdindia.com/what-is-bankruptcy-different-types-of-bankruptcy/

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Different Types of Bankruptcy in Canada | Bankruptcy Canada

(4 days ago) All three bankruptcy types are governed by the Bankruptcy & Insolvency Act (BIA, or “the Act”). There are several nuances and intricacies to each of the types of bankruptcy, so taking the time to understand them can save you a lot of time and energy in the long run. Three Types of Bankruptcy

https://www.bankruptcy-canada.ca/types-of-bankruptcy

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Different Types of Bankruptcy | Pocketsense

(13 days ago) Different Types of Bankruptcy. Private citizens who don't own businesses and struggle to make ends meet can elect to file Chapter 7 or 13 bankruptcy, according to both the United States Bankruptcy Court and the book "How to File for Chapter 7 Bankruptcy." Self-employed citizens or business owners who want ...

https://pocketsense.com/different-types-bankruptcy-7164752.html

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Local Bankruptcy Attorney in Tyler, Texas | Get Rid of ...

(3 days ago) In both types of bankruptcy, creditors must stop efforts to collect debts after you file your case. This protection is called the “automatic stay.” In a Chapter 7, this relief is often temporary since you must still pay your secured debts (usually a home and/or car) or the creditor may ask the court to remove the automatic stay. ...

https://tylerbankruptcylawyer.com/bankruptcy-overview/bankruptcy-basics/

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What are the Different Types of Bankruptcies? | Finance ...

(1 months ago) When filing for bankruptcy, secured debts are usually paid for by the asset “securing” the debt, while many types of unsecured debts can be renegotiated. Bankruptcy (Ch. 7, Ch. 13, & Ch. 11) There are three common types of bankruptcy known as “chapters” in the U.S. bankruptcy code, each with varying criteria and consequences:

https://www.financestrategists.com/terms/bankruptcy/what-are-the-different-types-of-bankruptcies/

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Get relief from creditors: Understanding the different ...

(11 days ago) Fortunately, the Bankruptcy Code includes several chapters that outline what a company’s options are for each type of bankruptcy. Working with a bankruptcy attorney will also help you understand ...

https://azbigmedia.com/business/get-relief-from-creditors-understanding-the-different-types-of-business-bankruptcies/

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