Topic: Types of Bankruptcy
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What Are the Types of Bankruptcies?
Bankruptcy is usually a difficult situation for all involved. Obviously the debtor is under a crushing burden of indebtedness, but the creditors are hurting, too--they put up their money or goods and just want to be paid as agreed. Bankrupt... Read More »
Source: http://www.ehow.com/about_5081898_types-bankruptcies.html
What Are the Two Major Types of Consumer Bankruptcy Proceedings?
Consumers in the bankruptcy process usually file for Chapter 7 or Chapter 13, according to the United States Bankruptcy Court and the book "How to File for Chapter 7 Bankruptcy." Both types of bankruptcy options are administered through loc... Read More »
Source: http://www.ehow.com/list_7180350_two-types-consumer-bankruptcy-pr...
What Type of Bankruptcy Wipes Out All Debt?
Federal bankruptcy law allows individuals and businesses to liquidate or reorganize their debts for a fresh start and to stay afloat with their obligations. Liquidation bankruptcy, or Chapter 7, wipes out all of your debt. Read More »
Source: http://www.ehow.com/facts_6969819_type-bankruptcy-wipes-out-debt_...
Featured Content:
Types of Bankruptcy
There are two main types of bankruptcies, re-organizational bankruptcy, which allow people to restructure debt and liquidation bankruptcy, which wipes out debt. Learn about Chapter 13, Chapter 7 and other… More »
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More Common Questions
Answers to Other Common Questions
You must known what kind of debt you have. Owing certain debt will mean that you MUST file a Chapter 13. These debts are considered non-dischargeable in bankruptcy, meaning that no matter what, you will still have to pay them. Non-discharge...
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Source: http://www.ehow.com/how_5055678_choose-type-bankruptcy-file.html
Most consumers elect to file Chapter 7 or Chapter 13 bankruptcy. If you file Chapter 7, you'll receive permanent legal absolution of many of your debts; this includes but is not limited to credit cards, medical bills and lawsuits that are n...
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Source: http://www.ehow.com/how_6546428_legal-questions-florida-bankruptc...
The two types for individuals are Chapter 7 & 13 and businesses can reorganize under chapter 11 and there is also chapter 9 (not commonly used)
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Source: http://wiki.answers.com/Q/How_many_types_of_bankruptcy_there_are
It depends on if its for an individual or business. For an individual there is Chapter 7 and 13. In chapter 7 you will basically repay your debt at a reasonable amount to a trustee over the course of 5 years. In Chapter 13 your assets, (hom...
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Source: http://wiki.answers.com/Q/What_are_the_types_of_bankruptcy_filing
Answer Four. Chapter 7 BK is a total liquidation of debts and available to individuals and businessess. Chapter 13, is a consolidation/repayment action and available to individuals and small businesses. Chapter 11 is a consolidation/repayme...
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Source: http://wiki.answers.com/Q/What_are_the_types_of_bankruptcies
Q: Are all of the debtor's debts discharged, or only some? A: Not all debts are discharged. The debts discharged vary under each chapter of the Bankruptcy Code. The Code specifically excepts various categories of debts from the discharge gr...
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Source: http://wiki.answers.com/Q/What_types_of_debt_is_not_discharged_in...
