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Yes, provided you meet the qualifications. Bankruptcy is a federal court process. It is designed to help consumers and businesses eliminate debt or repay debts under the protection of the bankruptcy court. Chapter 11 bankruptcy is a type of reorganization bankruptcy, like Chapter 13. Chapter 11 is available to individuals, corporations, and partnerships. It has no limits on the amount of debt, again, like Chapter 13. Chapter 11 is the typical bankruptcy choice for large businesses seeking to restructure their debt and become profitable again. Chapter 11 is the most flexible of all the bankruptcy chapters, which makes it generally more expensive to the debtor. The rate of successful reorganizations is very low.
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∙ 13y ago
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Can they attach your furture earnings after you file chapter 11?
Chapter 11 is not commonly available to indivduals, only Corporations.
Is there a cheap way to file corp chapter 11?
no
Can we check if a company file chapter 11?
trinity components
Did Shasta Pools file for bankruptcy Chapter 11 in 2007 or 2008?
No.
If you are not listed as creditor on chapter 11 bankruptcy?
File a proof of claim
If you file chapter 11 can the land lord kick you out?
C-11 is virtually always for Corporations.
Did Shasta pools file for bankruptcy chapter 11 in 2008 2009 or 2010?
no
Who can file for a Chapter 11 bankruptcy?
Chapter 11 applies to individuals, partnerships, corporations, unincorporated associations, and railroads, although corporations are almost always the petitioners.
If you filed bankruptcy four years ago and remarried can you file joint bankruptcy now?
It is possible for the married couple to file a chapter 13 or in some instances a chapter 11.
If you own abusiness but you are not incorporated are all your assets going to be affected If you file for chapter 11?
A business, or anything, generally can't file C-11, unless it is Incorporated.
Can subsidiary remain outside of chapter 11 if parent company file chapter 11?
Yes, if it is not considered insolvent and is profitable, it is likely the judge will allow the subsidiary to stay out of Chapter 11, especially if the judge determines that Ch11 would hinder the subsidiary.
How long after filing chapter 11 can you file chapter 7?
Chapter 11 is virtually always on for CORPORATIONS and is a "reorganization" rather than a liquidation. Chapter 7 dissolves the corporation. C-7 can happen, and frequently is, shortly after C-11 (actually converting the C-11), especially if no viable reorganization plan can be found.
