Bankruptcy Law
Bankruptcy Law – What is the “Bankruptcy Code”? The set of federal laws that governs all bankruptcy cases in the United States is considered the Bankruptcy Code. The Code is found in Title 11 of…
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Chapter 13 Bankruptcy What is a Chapter 13 Bankruptcy 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…
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Chapter 12 Bankruptcy What is a Chapter 12 Bankruptcy A Chapter 12 can be filed by a family farmer or fisherman. To qualify, more than 50% of your income must be derived from a farming…
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Chapter 11 Bankruptcy What is a Chapter 11 Bankruptcy? Chapter 11 is known as the reorganization chapter of the bankruptcy code because it permits a debtor to reorganize financial obligations while retaining assets, which may…
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Chapter 9 Bankruptcy What is a Chapter 9 Bankruptcy? A lesser recognized chapter of bankruptcy that is particularly designed for “municipalities,” which includes counties, taxing districts, cities, towns, municipal utilities, and school districts. Under chapter…
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Chapter 7 Bankruptcy What is a Chapter 7 Bankruptcy? A Chapter 7 Bankruptcy is a legal action making your possessions (called assets) available to creditors (to whom you owe money) in exchange for eliminating your…
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