chapter 7 vs chapter 11

Quick Look at the Crucial Differences between Various Chapters of Bankruptcy

by zara March 20, 2013 Law

In the United States, firms, individuals, and married couples are all eligible to file for bankruptcy, if they fail to meet their debt commitments. There are four filings in the Fed Bankruptcy Code such as Chapter 7, Chapter 11, Chapter 12, and Chapter 13. Chapter 7 stands for liquidation and Chapter 11 represents rehabilitation or […]

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