Chapter 11

//Chapter 11

Credit After Bankruptcy

By |2018-09-24T11:58:14-06:00September 20th, 2018|Bankruptcy, Chapter 11, Chapter 12, Chapter 13, Chapter 7|

Most people believe that if you file bankruptcy your credit will be ruined. While it is true that filing a bankruptcy case will affect your credit, it does not mean that you cannot re-establish credit after your bankruptcy case is over.   Most people who file bankruptcy have already taken a hit on their credit [...]

Chapter 11 Bankruptcy: An Overview

By |2018-09-22T08:23:05-06:00May 21st, 2015|Bankruptcy, Chapter 11|

Chapter 11 usually makes it to the news when large corporations fall into financial distress and need bankruptcy relief. Corporations that have filed Chapter 11 include General Motors, United Airlines, Lehman Brothers, and K-Mart. Most Chapter 11 cases, however, never hit the news. In 2010, for example, close to 14,000 Chapter 11 cases were filed [...]

Chapter 13 v. Chapter 11 Bankruptcy for Small Business Owners

By |2018-09-22T08:23:05-06:00May 17th, 2015|Bankruptcy, Chapter 11, Chapter 13|

For a small business in financial distress, bankruptcy may be the only viable option. There are two restructuring options under bankruptcy law for debtors who want to try to stay in business: Chapter 11 and Chapter 13. For a "straight" or "liquidation" bankruptcy: Chapter 7. General Overview To some extent, Chapters 11 and [...]