Chapter 11 applies to individuals, partnerships, corporations, unincorporated associations, and railroads, although corporations are almost always the petitioners.
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.
You do not have to be unemployed to file bankruptcy.
Pacific Gas and Electric filed for Chapter 11 bankruptcy in April 2001
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.
You can file for Chapter 7 bankruptcy once every 8 years.
You can file for Chapter 7 bankruptcy once every 8 years.
You can file bankruptcy again 7 years after the last time you filed.
The Borders book store filed for Chapter 11 bankruptcy in February of 2011. Borders decided to close 30% of it's Brick-and-Mortar stores after filing for bankruptcy.