Chapter 11 Bankruptcy

Chapter 11 Bankruptcy – Business Reorganization

Chapter 11 is designed for the reorganization of a business but is also available to individual consumers whose debts exceed the Chapter 13 limits.  Chapter 11 is similar to Chapter 13 in that is allows the debtor to pay debts over time under the protection and safety of the bankruptcy court.  However, the rules and procedures in Chapter 11 are complicated and you should consult with an attorney if you intend to seek Chapter 11 Bankruptcy protection.

 

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