Research the three types of bankruptcy and answer the followingquestions: Who may file Chapter 7 bankruptcy? What are some of thereasons that people file bankruptcy? How does bankruptcy affectinterest rates on loans? Credit cards? Then research, identify, andsummarize a specific Chapter 7 bankruptcy case or issue.Incorporate the legal terminology from your textbook whereappropriate, in both your original post and in your responses toyour classmates. Use academic or legitimate news sources, such asThe New York Times, the Los Angeles Times, the Washington Post,CNN, MSNBC, Fox News, etc.