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Chapter 11 Bankruptcy

Chapter 11 Bankruptcy What is a Chapter 11 Bankruptcy? Chapter 11 is known as the reorganization chapter of the bankruptcy code because it permits a debtor to reorganize financial obligations while retaining assets, which may be accomplished through the sale of certain assets to pay down debt and refinance existing debts. Both individuals and businesses...
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Chapter 9 Bankruptcy

Chapter 9 Bankruptcy What is a Chapter 9 Bankruptcy? A lesser recognized chapter of bankruptcy that is particularly designed for “municipalities,” which includes counties, taxing districts, cities, towns, municipal utilities, and school districts. Under chapter 9 bankruptcy municipalities are allowed to restructure their debt by extending the timeline on debt refinancing, repaying debts, or the...
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Chapter 7 Bankruptcy

Chapter 7 Bankruptcy What is a Chapter 7 Bankruptcy? A Chapter 7 Bankruptcy is a legal action making your possessions (called assets) available to creditors (to whom you owe money) in exchange for eliminating your debts. The action takes place in federal court and is started by filing a petition by you (the debtor) listing...
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Lorem ipsum dolor sit amet, consectetur adipisici elit, sed eiusmod tempor incidunt ut labore et dolore magna aliqua. Idque Caesaris facere voluntate liceret: sese habere. Magna pars studiorum, prodita quaerimus. Magna pars studiorum, prodita quaerimus. Fabio vel iudice vincam, sunt in culpa qui officia. Vivamus sagittis lacus vel augue laoreet rutrum faucibus. Nihilne te nocturnum...
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