Depends entirely on the situation...some C-11 are entered with a plan already basically agreed to and it is filed very quickly. Most take time to develop and get creditors to generally agree and for the court to review as fair. It is not uncommon for that to take a year.
Chapter 11 is a type of bankruptcy that can be filed by both businesses and people. Testa Corp filed bankruptcy on October 11, 2013.
Yes, on May 6th, 2009, Bachrach LLC filed chapter 11 bankruptcy protection.
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.
In 2001, Vlasic filed for Chapter 11 bankruptcy protection
Make sure that it was a chapter 11 and not a chapter 7 or a chapter 13. Many times there are no trustees in a chapter 11 and chapter 11 is almost always a larger business bankruptcy.
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.
Chapter 11 is a corporate business bankruptcy where a reorganization plan is made while operating under protection. It is not a Chapter 13 with a specific payment plan.
It is possible for the married couple to file a chapter 13 or in some instances a chapter 11.
indalex and it's 4 holding companies have filed for chapter 11 bankruptcy protection in us court in Delaware
Yes, they filed Chapter 11 on March 4, 2009.
GM