What Are The Different Types of Bankruptcy?
- November 15, 2019
- Posted by: Alan
- Category: Bankruptcy, Chapter 11 Bankruptcy, Chapter 12 Bankruptcy, Chapter 13 Bankruptcy, Chapter 15 Bankruptcy, Chapter 7 Bankruptcy, Chapter 9 Bankruptcy, Types of Bankruptcy
There are 2 Main Types of Bankruptcy Proceedings (Chapter 7) Liquidation of the debtor’s property (except for certain exempt property) and distribution of the proceeds, if any, to creditors. (Chapter 13) Debt adjustment by an individual debtor or husband and wife that allows them to repay their creditors, in whole or in part, over a period of three to
If you’re having financial issues and know bankruptcy might be your only option..