Legal Advice on Chapter 11 Bankruptcy

Determining your level of debt.. Assemble all of your debts. This includes credit cards, mortgages, car payments, insurance, etc. Make yourself a spreadsheet using several simple columns such as,... more

This FAQ is intended to answer some very basic commonly asked bankruptcy questions. The FAQ covers Chapter 7, Chapter 11, and Chapter 13 Bankruptcy.

An overview of the strategic and administrative elements of a chapter 11 case.

Debtors should be aware that there are several alternatives to chapter 7 relief. For example, debtors who are engaged in business, including corporations, partnerships, and sole proprietorships, may... more

A chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a... more

A chapter 13 case begins by filing a petition with the bankruptcy court serving the area where the debtor has a domicile or residence. Unless the court orders otherwise, the debtor must also file... more

Chapter 13 offers individuals a number of advantages over liquidation under chapter 7. Perhaps most significantly, chapter 13 offers individuals an opportunity to save their homes from foreclosure.... more

To qualify for relief under chapter 7 of the Bankruptcy Code, the debtor may be an individual, a partnership, or a corporation or other business entity. 11 U.S.C. 101(41), 109(b). Subject to the... more

Bankruptcy

Any individual, even if self-employed or operating an unincorporated business, is eligible for chapter 13 relief as long as the individual's unsecured debts are less than $336,900 and secured debts... more