Administration Bankruptcy Chapter 7 (US) CVA Conservatorship Dissolution Examinership IVA... enact "uniform Laws on the subject of Bankruptcies throughout the United States". Congress has...
state bankruptcy courts. The bankruptcy laws are primarily... in Florida Statutes. When a business files for chapter 7 bankruptcy, A bankruptcy trustee is appointed who steps in and...
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Debtors should be aware that there are several alternatives to chapter 7 relief. For example, debtors who are engaged in business, including corporations, partnerships, and sole proprietorships, may prefer to remain in business and avoid liquidation. Such debtors should consider filing a petition under chapter 11 of the Bankruptcy Code. Under chapter 11, the debtor may seek an adjustment of debts, either by reducing the debt or by extending the time for repayment, or may seek a more comprehensive reorganization. Sole proprietorships may also be ...
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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.