A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Types of Bankruptcy Chapters

Chapter 7
Chapter 7

Chapter 11 is the chapter used by large businesses to reorganize their debts and continue operating. Corporations, partnerships, and limited liability companies cannot use chapter 13 to reorganize and must cease business operations if a chapter 7 bankruptcy is filed.

Chapter 9
Chapter 9

A Chapter 9 bankruptcy can often be one of the most complex and rare bankruptcy chapters. Very few bankruptcy lawyers are involved in Chapter 9 cases. Not only are these cases complex due to their size and the parties involved, but the law treats a Chapter 9 case quite differently.

Related Facts

Related Question Categories