Once approved for Washington Apple Health Pregnancy medical youâre eligible for services through the First Steps program. First Step helps pregnant women get the health and social services they may need and covers a variety of services for pregnant women and their infants.
BREAKING DOWN 'Liquidation'. Liquidation is the process of bringing a business to an end and distributing its assets to claimants. Once the process is complete, the business is dissolved. This is not the same as its debts being discharged, as happens when an individual files for Chapter 7.
What is 'Chapter 7'. Chapter 7 is a bankruptcy proceeding in which a company stops all operations and goes completely out of business. A trustee is appointed to liquidate (sell) the company's assets, the proceeds are used to pay off the debts, and then the remaining debt is discharged. Individuals may declare Chapter 7 bankruptcy as well. Next Up.