Individuals can file either Chapter 7 bankruptcy or Chapter 13 bankruptcy. Here is how the two types work and some alternatives to consider first.
2 Bankruptcy filing costs vary, depending on the type of bankruptcy, the complexity of the case, and other factors. Chapter 7 Bankruptcy Most people file for Chapter 7 bankruptcy, which...
Chapter 11 is a type of bankruptcy generally filed by businesses and involves a reorganization of their assets and debts under court supervision.
Chapter 11 bankruptcy is primarily for businesses.1 Chapter 7 Chapter 7 bankruptcy, the type most individuals file, is also referred to as a straight bankruptcy or liquidation. A trustee...
When you’re facing financial hardship and struggling to pay off debt, it’s easy to feel like there’s no solution. Bankruptcy is one option that’s available when your debt has become too overwhelming. This legal process allows you to either reduce or eliminate your debt or get onto a payment plan to make it more manageable. But it also comes with added costs, can result in losing some of your assets and can have long-term financial consequences. The good news is there are steps you can ta...
Learn what bankruptcy is, the different types, and how it affects your finances. Find out the steps involved in filing for Chapter 11, Chapter 13, and Chapter 7 bankruptcy.
Bankruptcy is a legal tool to help you manage overwhelming debt. Common types include Chapter 7 and Chapter 13. Learn whether bankruptcy is right for you.
Bankruptcy is a legal relief for debt overload. Understand types, process, effects, and alternatives for best outcome.
The United States Bankruptcy Code contains 6 types of bankruptcy. Discover which are the most common and more.
Chapter 11 is a type of bankruptcy that is typically used by businesses rather than individuals. Businesses can also file for bankruptcy under Chapter 7. Chapter 11 allows the business to...