Question

 What is the ratio of chapter 7 to chapter 11 filings for businesses?

Answer From January 2006 to September 2009, U.S. courts received 27,469 Chapter 11 business petitions and 131,100 Chapter 7 petitions. The ratio is approximately five Chapter 7 filings for every Chapter 1... Read More »
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Top Q&A For: What is the ratio of chapter 7 to chapter 11 fi...

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 »
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What is the difference between a Chapter 7 and a Chapter 13 bankruptcy?

Of the six types of bankruptcies authorized by the U.S. federal bankruptcy laws, two apply to individuals: Chapter 7 and Chapter 13. Chapter 7 involves complete liquidation of most personal assets ... Read More »
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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 »
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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.
http://www.ehow.com/facts_6370857_difference-chapter-7-chapter-11_.html


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