It is commonly believed that Chapter 11 Bankruptcy is reserved for businesses. While it is true that a business cannot reorganize its financial affairs in a Chapter 13, it is not true that an...
August 18, 2011
Bankruptcy,
Chapter 11
Individuals Over Allowable Debt Limit May Have to File Chapter 11
Chapter 13 Bankruptcy is the prefered bankruptcy type for an individual or consumer in a reorganization case. The fees are typically...
May 1, 2011
Bankruptcy,
Chapter 11
Just as individuals feel the pinch of a slow economy, businesses suffer during economic downturns. A recent high profile example of a business seeking bankruptcy protection is the L.A. Dodgers filing
April 12, 2011
Bankruptcy,
Chapter 11
The recession may officially be over. But times are still tough, with unemployment high, housing values low, and everyone trying to adjust to a new economic reality.
Fortunately, bankruptcy remains a...