What Chapter Should I File Under?

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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 bankruptcy and under what chapter is an extremely important decision and should be made only with competent legal advice from an experienced bankruptcy attorney after a review of all of the relevant facts concerning your case.

Other Types of Bankruptcy FAQs

Q: What Is A Chapter 7 Bankruptcy?
A: 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
Q: What Is A Chapter 11 Bankruptcy?
A: 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
Q: What Is A Chapter 13 Bankruptcy?
A: 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
Q: What Is A Chapter 12 Bankruptcy?
A: 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
Q: What Is A Chapter 9 Bankruptcy?
A: Chapter 9 is only for municipalities and governmental units, such as schools, water districts, some utility companies and other similar organizations.