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Chapter 11

Posted by Kevin on September 21, 2009 under Bankruptcy Blog | Be the First to Comment

Chapter 11 bankruptcy basically deals with the reorganization and/or liquidation of businesses. However, an individual may file under Chapter 11. For consumers, Chapter 11 is available when a debtor wants to retain assets, like her home, but does not qualify for Chapter 13. A prospective debtor does not qualify for Chapter 13 if her unsecured debt exceeds $336,900 and/or secured debt exceeds $1,010,000.

For further information, please refer to the following videos

The different types of bankruptcy

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