Why Would Creditors Agree to a Chapter 11 Bankruptcy Plan?

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 [...]

Why Would Creditors Agree to a Chapter 11 Bankruptcy Plan?2021-03-09T20:10:03+00:00

Understanding the Basics of Chapter 11 Bankruptcy

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. [...]

Understanding the Basics of Chapter 11 Bankruptcy2021-03-09T20:14:29+00:00

4 Things You Must Be Prepared to Do If You Want to File a Chapter 11 Bankruptcy

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 [...]

4 Things You Must Be Prepared to Do If You Want to File a Chapter 11 Bankruptcy2021-03-09T20:20:51+00:00
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