Chapter 11 - Bankruptcy Basics - United States Courts
Chapter 11 of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A Chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals also can seek relief in Chapter 11.
Chapter 7 - Bankruptcy Basics - United States Courts
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.
Bankruptcy - United States Courts
Businesses may file bankruptcy under Chapter 7 to liquidate or Chapter 11 to reorganize. Chapter 12 provides debt relief to family farmers and fishermen. Bankruptcy filings that involve parties from more than one country are filed under Chapter 15 .
Chapter 11 Bankruptcy Filing Requirements | U.S. Bankruptcy Court ...
In filing a Chapter 11, the debtor presents a plan to creditors which, if accepted by the creditors and approved by the Court, will allow the debtor to reorganize personal, financial or business affairs and again become a financially productive individual or business.
Bankruptcy Forms - United States Courts
For Individual Chapter 11 Cases: The List of Creditors Who Have the 20 Largest Unsecured Claims Against You Who Are Not Insiders Individual Debtors B 105
Bankruptcy Case Records & Credit Reporting - United States Courts
To view bankruptcy case records, you may visit a bankruptcy clerk’s office. Use the Federal Court Finder to find a location. You may also access bankruptcy case records online through Public Access to Court Electronic Records (PACER) .
Process - Bankruptcy Basics - United States Courts
In cases under chapters 7, 12, or 13, and sometimes in chapter 11 cases, this administrative process is carried out by a trustee who is appointed to oversee the case. A debtor's involvement with the bankruptcy judge is usually very limited.
Dismissal, Conversion & Closing Of A Bankruptcy Case, What Are …
A) Dismissal vs. Closing of a Bankruptcy Case --The main differences between dismissal and closing of a bankruptcy case involve discharge, ability to file another bankruptcy case, and the consequences of filing another bankruptcy case.
Discharge in Bankruptcy - Bankruptcy Basics - United States Courts
The bankruptcy discharge varies depending on the type of case a debtor files: Chapter 7, 11, 12, or 13. Bankruptcy Basics attempts to answer some basic questions about the discharge available to individual debtors under all four chapters.
U.S. Bankruptcy Law a time line This unique bankruptcy time line maps the evolution of bankruptcy law since its inception in 1787 in the U.S. Constitution through 2006. It also provides statistics demonstrating the burgeoning bankruptcy caseloads, and historical snapshots of select sociopolitical events that occurred along the way.