Chapter 11 is intended to help businesses and individuals with significant debt. A filer who has income but can’t keep up with current debt payments can use Chapter 11 bankruptcy to create an affordable payment plan. The plan might include longer ter...
Find the answer to your business bankruptcy question below. ...
After you file your Chapter 7 or 11 bankruptcy petition for your business, you must attend a meeting of your creditors. This meeting is called a 341 meeting after the bankruptcy code section ...
Impaired creditors are those that will receive less than what's owed in your proposed repayment plan. ...
Filing for bankruptcy for your business can help you get back on your feet. The effects will vary depending on which type of bankruptcy you file. The types of procedures are named for the ch ...
A secured creditor gets paid first if the bankruptcy trustee sells the property (collateral) guaranteeing the debt. ...
Learn about the bankruptcy options available to small businesses. ...
Learn whether you'll have to pay a personally guaranteed company debt after a business bankruptcy. ...
