Chapter 11 Bankruptcy

Chapter 11 Bankruptcy

Chapter 11 bankruptcy is available to any business, whether organized as a corporation or sole proprietorship, or individual.  However, it is generally not cost-effective for individuals unless they exceed the Chapter 13 Debt Limits which are currently unsecured debts of at least $360,475.00 or secured debts of at least $1,081,400.00, although it is most prominently used…

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