What's the difference between Chapter 7 and Chapter 11 bankruptcy?

Bankruptcy is actually very complicated, and neither option will allow an individual to get out of paying all of your debt. Chapter 7 can be filed by individuals, partnerships, corporations or any other business entity. A discharge of debt under a Chapter 7 is only possible for individual debtors – not partnerships or other types of corporations. Most Chapter 11 bankruptcies are filed by corporations or other businesses rather than individuals. If a business is filing Chapter 11, it’s expected to continue operating successfully.

Debbie Dragon | Bankruptcy Basics, Chapter 7 Bankruptcy

South Carolina bankruptcy attorney Showell Blades leads a 93-minute free bankruptcy seminar on Chapter 7, Chapter 11, and Chapter 13 bankruptcy trends and procedures. This is one of the best free bankruptcy seminar videos on the Internet that you can watch. There are many bankruptcy topics discussed in this video. There’s also a bankruptcy questions and answers portion.

Ferlix Grant | Bankruptcy Videos

In the USA today there have been some dramatic changes made in relation to the Bankruptcy Law. It is important therefore that all should know what these changes are just in case one finds themselves in a situation where they are required to file for bankruptcy.

Jay Anderson | Bankruptcy Basics