Title 11 of the United States Code sets forth the statutes governing the various types of relief for bankruptcy in the United States. Chapter 13 of the United States Bankruptcy Code provides an individual with the opportunity to propose a plan of reorganization to reorganize their financia...
Chapter 13 is a U.S. bankruptcy proceeding in which debtors reorganize their finances in order to repay creditors within a period of three to five years.
Trustee Court BAP Code FRBP Chapters Chapter 7 Chapter 9 Chapter 11 Chapter 12 Chapter 13 Chapter 15 Aspects of bankruptcy law Automatic stay Discharge Bankruptcy trustee Chief...
This contrasts with a Chapter 13 bankruptcy, which stays on an individual's credit report for seven years from the date of filing the Chapter 13 petition. This may make credit less...
Understand the differences between Chapter 11 and Chapter 13 bankruptcy, as well as the income and debt level requirements for both.
There are two main types of business bankruptcies in the U.S.: Chapter 7, or “liquidation bankruptcy,” and Chapter 11, or “rehabilitation bankruptcy.”
Chapter 13 bankruptcies in the United States peaked in 2010, when 434,739 non-business and 4,174 business claims were made under Chapter 13 of the Bankruptcy Code.
Individuals may file Chapter 7 or Chapter 13 bankruptcy, depending on the specifics of their situation. ; Municipalities—cities, towns, villages, taxing districts, municipal utilities, and school districts may file under Chapter 9 to reorganize. ; Businesses may file bankruptcy under Chapter 7 to liquidate or Chapter 11 to reorganize.
Chapter 13 bankruptcy is a way to discharge your debt through a payment plan agreed upon by the court and your debtors. Our article explains how it works.
Chapter 7 or 13 may be the best option for you during these difficult economic times. Our Texas Bankruptcy Attorneys can help.