Is Chapter 11 bankruptcy liquidation or restructuring?

Answer Chapter 11 of the Bankruptcy Code, a federal statute, allows debtors to reorganize their business and/or personal debts. Individuals and businesses can file for Chapter 11 protection. If granted,... Read More »

Top Q&A For: Is Chapter 11 bankruptcy liquidation or restruc...

What is Chapter 7 liquidation?

When all else fails, you can still declare bankruptcy. However, it is important to realize that this is not an easy route out of a bad situation. There are several kinds of bankruptcy, and each add... Read More »

What is the difference between bankruptcy and liquidation?

If you are a business owner, you should know the difference between bankruptcy and liquidation. If at some point, you fall behind on your bills, you may need to decide whether to file for bankrupt... Read More »

Bankruptcy & Corporate Restructuring?

Corporate restructuring occurs when a business redesigns some aspect of itself. It can occur for many reasons and bankruptcy is among them. In a chapter 11 bankruptcy a company develops a restructu... Read More »

How soon after filing a chapter 7 bankruptcy can you file a chapter 13 bankruptcy?

The U.S. Bankruptcy Code allows debtors to file for bankruptcy multiple times, but has changed the number of years you must wait between filings. Previously, a debtor could file under either Chapt... Read More »