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Tuesday, 27 November 2012 21:59

Chapter 11

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More in this category: « Chapter 13 Chapter 7 »
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  • A Chapter 7 filing, otherwise known as “liquidation,” does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor's non-exempt assets and uses the proceeds of
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  • Chapter 11 is a chapter of the United States' Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States. Chapter 11 bankruptcy is available to every business, whether organized as a corporation or sole proprietorship,
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  • A chapter 13 bankruptcy (wage earner’s plan) enables individuals with regular income to develop a plan to repay all or part of their debts. Here, debtors propose a repayment plan to make installments to creditors over three to
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