What is Chapter 7 and Chapter 11?

Answer For some people, debt has become too out of control to find a resolution. In some cases, individuals and companies will turn to the bankruptcy courts for help. Bankruptcy laws are designed to help ... Read More »

Top Q&A For: What is Chapter 7 and Chapter 11

What form should you use to convert Chapter 13 to Chapter 7 in California?

To transfer a Chapter 13 bankruptcy to a Chapter 7 bankruptcy, the form CSD1129--Notice of Conversion of Case Under Chapter 13 to a Case Under Chapter 7 by Debtor--should be filed along with the ap... Read More »

What Is the Difference Between Filing for Chapter 7 & Chapter 11?

There are several key difference between filing for Chapter 7 and Chapter 11 bankruptcy that business owners need to be aware of before making such a major decision.

What is the difference between a chapter 13&a chapter 7 bankruptcy?

There are several differences between Chapter 7 and Chapter 13 bankruptcies. Both allow people relief from their debts, but the big difference lies in how this relief is obtained and the debts repa... Read More »

What is the difference between a Chapter 11& a Chapter 13 bankruptcy?

U.S. bankruptcy laws offer individuals and businesses the opportunity to work with their creditors to reduce or eliminate oppressive debts. Typically, businesses file Chapter 11, while individuals ... Read More »