Comparing Different Bankruptcy Options

The Chapter 7 Bankruptcy Process

A typical Chapter 7 bankruptcy case is relatively straightforward. You will spend most of your time completing the bankruptcy petition, schedules, and other forms, which will require you to list your debts, assets, financial transactions, and so on. Once you've filed your paperwork, the bankruptcy trustee takes over your case.

Chapter 13 Bankruptcy Laws: Your Disposable Income

In Chapter 13 bankruptcy, you must devote all your disposable income to your Chapter 13 repayment plan. You can get a rough estimate of your plan payments by learning how to calculate it, although other factors also affect a Chapter 13 payment.

Is Bankruptcy a Good Option for Struggling Small Businesses

Each bankruptcy chapter offers unique benefits, and understanding these dynamics will help you choose the best solution for your small business needs. Or, you might find the better choice is filing an individual bankruptcy. Learn why.

Bankruptcy for Married Couples: Filing Options

If you are married and considering bankruptcy, you'll have to decide whether to file separately (that is, only one spouse files for bankruptcy and the other is not part of the case) or jointly (both spouses file together).

What Is a Plan of Reorganization in Chapter 11 Bankruptcy?

Chapter 11 bankruptcy can be a good option for debtors who want to reorganize their debt and keep their assets. A key part of any Chapter 11 case is the debtor’s reorganization plan, which outlines how the debtor will repay creditors.

Chapter 11 Bankruptcy vs Chapter 13 Bankruptcy

Both Chapter 11 and Chapter 13 bankruptcy are reorganization chapters that require debt repayment over time. While Chapter 11 bankruptcy is primarily filed by businesses, it's also a choice for individuals who don't qualify for Chapter 13.

Voluntary and Involuntary Bankruptcy Petitions

Whether a bankruptcy case is voluntary or involuntary depends on who initiates it. Learn how creditors can file an involuntary Chapter 7 bankruptcy by filing against an individual or corporation.

Unsecured Debt: Priority vs. Non-Priority

Whether you file for Chapter 7 or Chapter 13 bankruptcy, you must list unsecured debts as either priority debts or nonpriority debts. Learn why priority debts must be paid first.

Secured vs Unsecured Debt in Chapter 7 Bankruptcy

What happens to your debts in Chapter 7 bankruptcy depends on whether they are secured or unsecured.