Chapter 11 Bankruptcy
Learn how even the wealthy and big businesses can - and often do - get bankruptcy protection and debt relief by filing Chapter 11 bankruptcy.
Chapter 11 bankruptcy is the type of bankruptcy used by corporations and wealthy individuals when they need a fresh start. Some famous examples include Skymall and General Motors, which both used Chapter 11 to reorganize their debts or liquidate their assets.
This page is your hub for learning about how bankruptcy isn’t just for regular people that need a fresh start, but also for large corporations and wealthy individuals.
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Chapter 11 bankruptcy can be quite similar to Chapter 7 bankruptcy. But it's also really different. Learn how each type of bankruptcy can provide you with debt relief.Read More →
Chapter 11 cases are mostly filed by businesses or people with significant assets and debts. Chapter 7 and Chapter 13 are the most common chapters filed by individuals. Read on to learn more about the differences between Chapter 11 and Chapter 13 bankruptcies.Read More →
When a corporation gets into financial trouble, the company may be able to file for bankruptcy protection. In some ways, corporate bankruptcy is like consumer bankruptcy. But, there are also important differences. In this article, you’ll learn how the two types of business bankruptcy differ, how each works, and how corporate bankruptcy is different from personal bankruptcy.Read More →