One must file a petition with a court in the area which one lives. This can be a voluntary or involuntary petition. This will cost $1000 to file along with other fees. Finally a plan must also be filed for approval with the court.
No.
File a proof of claim
It is possible for the married couple to file a chapter 13 or in some instances a chapter 11.
no
Chapter 7 is a liquidation bankruptcy, you are giving up your assets. If you want to keep your home and car you would need to file a Chapter 11 Bankruptcy.
There are many places where one can find more information on Chapter 11 Bankruptcy. One can find more information on Chapter 11 Bankruptcy at popular on the web sources such as Nolo and US Courts.
Pacific Gas and Electric filed for Chapter 11 bankruptcy in April 2001
To file chapter 11 bankruptcy one must propose a plan and then must find creditors to agree with this plan. Then, the person must take the plan and creditors to bankruptcy court where the judge will decide whether the plan can work or not. As long as the judge and all the creditors agree then that person can follow through with the plan and be in chapter 11 bankruptcy.
Some strict limitations have been set by the new bankruptcy law. Debtors will not be able to file Chapter 7 bankruptcy if they've been through a Chapter 7 within eight years of the new filing. If they want to file for Chapter 13, they will not receive a discharge within two years of a previous Chapter 13 discharge and within four years if they were discharged from a Chapter 7, 11 or 12 bankruptcy.
Borders bookstores filed for Chapter 11 bankruptcy on February 16, 2011.
Chapter 11 applies to individuals, partnerships, corporations, unincorporated associations, and railroads, although corporations are almost always the petitioners.
Yes, they filed Chapter 11 on March 4, 2009.