Posts Tagged ‘filing bankruptcy’

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Help Filing Bankruptcy Answers, “What is Chapter 13 Bankruptcy?”

Help Filing Bankruptcy answers, "What is Chapter 13"?

Chapter 13 is often referred to as “reorganization” or “consumer reorganization”.
Chapter 13 is often selected by debtors who have valuable assets, such as their home and home equity, that is not covered by exemptions and that they want to   keep.
In Chapter 13, a debtor creates a “plan” [...]

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Help Filing Bankruptcy Answers, “What is Chapter 11 Bankruptcy”?

Help Filing Bankruptcy answers, "What is Chapter 11"?

 

Chapter 11 is usually referred to as “reorganization”.
Chapter 11 bankruptcy is available to any business, whether a corporation or sole proprietorship, and to individuals, although it most commonly used by corporate entities.
In Chapter 11, in most instances the debtor remains in control of its business operations as [...]

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