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Types of Bankruptcy FAQs

• What chapter should I file under?
  Your particular circumstances will determine the best chapter for you to file under. Choosing the appropriate chapter is very important. The decision whether to file a … more
• What is a Chapter 11 bankruptcy?
  Chapter 11 is the reorganization chapter available to businesses and individuals that have substantial assets and/or income to restructure and repay their debts. … more
• What is a Chapter 13 bankruptcy?
  Chapter 13 is the debt repayment chapter for individuals with regular income whose debts do not exceed $1,000,000 ($250,000 in unsecured debts and $750,000 in secured … more
• What is a Chapter 7 bankruptcy?
  Chapter 7 is the liquidation chapter of the Bankruptcy Code. Chapter 7 cases are commonly referred to as straight bankruptcy or liquidation cases, and may be filed by … more
• What is a Chapter 12 bankruptcy?
  Chapter 12 offers bankruptcy relief to those who qualify as family farmers. There are debt limitations for Chapter 12, and a certain portion of the debtor`s income … more
• What is a Chapter 9 bankruptcy?
  Chapter 9 is only for municipalities and governmental units, such as schools, water districts, some utility companies and other similar organizations.

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