What happens when a company files for chapter 11 bankruptcy?

Answer Reorganizing a company can be trying and expensive. It may be necessary, though, because of a business' inability to pay bills and keep running. Chapter 11 bankruptcy makes it possible to reorganiz... Read More »

Top Q&A For: What happens when a company files for chapter 1...

Can a property management company file chapter 7 bankruptcy?

If they asked you on the application, and you lied, then, yes, technically, that is a lease violation that gives the landlord the right to terminate the lease. But, you make a very good point - why... Read More »

Can monies owed to a property management company be discharged in chapter 7 bankruptcy?

Usually the new property management will send out a letter to the tenants announcing and introducing themselves to the existing tenants. If not, it is only a management company. They only manage th... Read More »

What happens when a company files for bankruptcy?

When a company files for bankruptcy, it is acknowledging its insolvency and need to eliminate lots of debt. While in bankruptcy, a judge may discharge some debts and put the company on a path towar... 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 »