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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.
Background A chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors...
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google.com/view/mdchapter13bankruptcylawyer/home After conclusion of the plan, the court will release (remove) any staying debts. http://599bankruptcy.com/ Chapter 13 bankruptcy Lawyer Maryland
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While there are many different Chapters of Bankruptcy, the most frequent/common filings for individuals: Chapter 7 and Chapter 13.