A Chapter 11 can be initiated voluntarily by the debtor or by a group of creditors. This makes it somewhat unique in terms of bankruptcy chapters. What would motivate creditors to cooperate with this type of action? A personal bankruptcy lawyer can provide you with a list of reasons. The following four are likely to [...]

While many people have heard of Chapter 11 bankruptcy, knowing how this financial solution works does not come easily to the general public. It’s true that a Chapter 11 tends to be more complex than filing for Chapter 7 protection. Even so, there are times when this type of bankruptcy is the most practical strategy. [...]

Depending on the amount of debt that you owe, seeking a Chapter 7 or Chapter 13 may be out of the question. That still leaves the option of filing a Chapter 11 bankruptcy. Sometimes thought of as an option for business entities only, this form of bankruptcy allows you to reorganize your debt with the [...]