Category: What it means to file bankruptcy

Three Facts Everyone Needs to Know About Chapter 11 BankruptcyThree Facts Everyone Needs to Know About Chapter 11 Bankruptcy



Of the three primary forms of bankruptcy in the U.S., Chapter 11 bankruptcy might be the least common — in 2013, 8,890 Chapter 11 bankruptcies were filed out of the total 1,071,932 bankruptcies filed. That doesn’t mean that Chapter 11 bankruptcies aren’t helpful — they are just more specific and