Is there still chapter 11 bankruptcy

I'm considering filing for bankruptcy due to overwhelming back taxes

Laurel, MD -

Attorney Answers (5)

Daniel Mark Press

Daniel Mark Press

Bankruptcy Attorney - Mc Lean, VA
Answered

Chapter 11 still exists, and can be a useful tool for dealing with tax debt where the individual is ineligible for Chapter 13. We handle individual Chapter 11 cases, and wrote a book on them, including the treatment of taxes. Chapter 11 may or may not be the right option for you, so consult with an attorney experienced in handling individual Chapter 11 cases to go over your options.

Matthew Scott Berkus

Matthew Scott Berkus

Bankruptcy Attorney - Denver, CO
Answered

Yes, chapter 11 bankruptcy still exists. However, it would be rare, but not unheard of, for an individual to use chapter 11 bankruptcy. Meet with a qualified bankruptcy attorney, one experienced in handling tax matters to figure out if bankruptcy is a good option, and if so, which chapter is best.

Brandy Ann Peeples

Brandy Ann Peeples

Litigation Lawyer - Frederick, MD
Answered

This question is far too specific to be answered on a general website. Moreover, you should consult an attorney to determine which type of bankruptcy -- chapter 7, chapter 11, chapter 13, etc. -- is right for your particular situation. Each chapter has its own requirements, so it's best to let an attorney review your situation for your best option. But yes, Chapter 11 does still exist although it is not as common as Chapter 7 or 13.

DISCLAIMER: Brandy A. Peeples is licensed to practice law in the State of Maryland. This answer is being provided... more
Griffin Scott Dunham

Griffin Scott Dunham

Chapter 11 Bankruptcy Attorney - Nashville, TN
Answered

Please provide more facts before any lawyer can provide helpful advice. Thanks.

This answer does not create an attorney-client relationship. This answer is not legal advice and must not be... more
Ori Samuel Blumenfeld

Ori Samuel Blumenfeld

Chapter 11 Bankruptcy Attorney - Beverly Hills, CA
Answered

Your question is unclear. If all you are asking if chapter 11 exists (possibly for individual's such as yourself) then yes. I suggest you speak with a lawyer to see if chapter 11 is right for you.

Legal disclaimer: This message does not constitute legal advice and does not create an attorney-client... more

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