Category Archives: Chapter 11
Debunking Common Myths About Chapter 11 Bankruptcy
When businesses face financial difficulties, an option that can offer a path to recovery is Chapter 11 bankruptcy. Over the years, Chapter 11 bankruptcy has grown popular among businesses struggling with overwhelming debt. According to statistics released by the Administrative Office of the United States Court, in 2023, annual Chapter 11 bankruptcy filings totaled… Read More »
How To Prepare for a Chapter 11 Bankruptcy Filing
Chapter 11 bankruptcy generally allows corporations or partnerships to reorganize their debts. With this type of bankruptcy, a business repays outstanding debts over a period of years under the bankruptcy court’s supervision. Filing for Chapter 11 bankruptcy can be a vital step for businesses struggling with financial difficulties, allowing for an opportunity to recover…. Read More »
Navigating Bankruptcy: Understanding Chapter 7, Chapter 11, and Chapter 13
In the world of finance and law, bankruptcy can be a complex and intimidating subject. However, it’s often a necessary step for individuals and businesses facing overwhelming debt. Three common types of bankruptcy in the United States are Chapter 7, Chapter 11, and Chapter 13. Each serves different purposes and carries distinct processes and… Read More »
