Frequently Asked Questions

• What Is A Chapter 7 Bankruptcy?
  Chapter 7 is the liquidation chapter of the Bankruptcy Code. Chapter 7 cases are commonly referred to as straight bankruptcy or liquidation cases, and may be filed by an individual, corporation, or … more
• What Is A Chapter 11 Bankruptcy?
  Chapter 11 is the reorganization chapter available to businesses and individuals that have substantial assets and/or income to restructure and repay their debts. Creditors vote on whether to accept … more
• What Is A Chapter 13 Bankruptcy?
  Chapter 13 is the debt repayment chapter for individuals with regular income whose debts do not exceed $1,000,000 ($250,000 in unsecured debts and $750,000 in secured debts), including individuals … more

Legal Articles

• Filing for Chapter 11 Bankruptcy Protection
  The United States Bankruptcy Code is long and complicated. It provides different requirements for businesses and individuals who are seeking bankruptcy protection.  The Code is divided into chapters and people often refer to the chapter number pursuant to which they qualify to file for bankruptcy.  Who Can File for Chapter 11?  Chapter 11 Bankruptcy is usually used by businesses … more

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