Filing bankruptcy is a very difficult decision for most people. After making the decision, you have to decide what chapter of bankruptcy to file. Each chapter is a bit different than the others, and if you do not file the correct one for your situation, the courts...
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Chapter 11 Bankruptcy
How can Chapter 11 help restore businesses?
Filing for Chapter 11 bankruptcy does not mean your business will permanently close. In fact, many businesses successfully go through Chapter 11 and reemerge to become profitable operations. This is because Chapter 11 allows companies to perform certain actions to...
What are some differences between Chapters 11 and 13 bankruptcy?
If you are thinking about filing for bankruptcy as a business owner, you may have questions about which type is the best for you. Chapter 11 and Chapter 13 bankruptcies are similar in the fact that you have the opportunity to continue to run your business while you...
Can I file for Chapter 11 as an individual?
By far the most common bankruptcy cases for individuals are either Chapter 7 or Chapter 13. Chapter 11 bankruptcy is often categorized as a variety of bankruptcy that is reserved for businesses only. However, this is not the case. It is indeed possible for individuals...
Are you aware of these bankruptcy myths?
In your quest to improve your financial health, you may have done a lot of research into filing for bankruptcy. Do you know whether everything you have read is true? Money.com breaks down common myths surrounding bankruptcy. Getting the most out of filing and all the...
Should I file Chapter 11 or 13 bankruptcy?
Going through bankruptcy in Pennsylvania is stressful no matter how you are doing it, but one of the most important decisions you will make throughout the entire process is the type of bankruptcy to file. If you are going through bankruptcy, you may need to make a...
What is the difference between Chapter 7 and Chapter 11?
Dealing with bankruptcy is stressful. Not only is it stressful to deal with an unmanageable amount of debt, but it is also stressful to work through which option is right for you. If you are dealing with a lot of personal debt in Pennsylvania and are considering...
How Chapter 11 bankruptcy can help to get your business back on track
When many people think of a company "going bankrupt," they envision shuttered storefronts, clearing out inventory, and the end of an era. However, Chapter 11 bankruptcy provides a framework for businesses to reorganize and pay off their debts while continuing to...