The Chapters of Bankruptcy

You have options with bankruptcy. Click each link below to learn more about the type and see if it's the right choice to fit your needs.


Chapter 7

"A fresh start" - Individuals, corporations, and partnerships are eligible to file a chapter 7. For an individual, it provides debt relief, protection of home, and a fresh start. For a business, the business is closed and assets are liquidated ...[Learn More]


Chapter 11

Business Reorganization - Individuals, partnerships, and corporations are eligible to file chapter 11. Goals of chapter 11 filing are to preserve the company, pay debts in installment payments (often less than 100%), and create positive cashflow ...[Learn More]


Chapter 12

Family Farmer - Must be an individual, not a partnership or corporation. The purpose of filing chapter 12 is to stop creditors actions, restructure debts, and provide a fresh start ...[Learn More]


Chapter 13

Individuals, not a corporation or partnership are eligible to file a chapter 13. The purpose of filing chapter 13 is to stop creditors actions, restructure debts, and provide a fresh start ...[Learn More]

 
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