Different chapters of bankruptcy?
 

http://britishexpats.com/forum/showp...&postcount=355

snowbunny's post on the different chapters...just curious, because I'm to lazy to google it, but what's the big difference between them all? And which one's affect people and corporations?

Re: Different chapters of bankruptcy?
 

Re: Different chapters of bankruptcy?
 

I was hoping to avoid reading through that many blocks of text and wanted a simple bullet point on what each chapter was for...yeah, i'm lazy like that :lol:

Re: Different chapters of bankruptcy?
 

7 and 13 affect people

13 has a court plan where you pay an arranged fee to a trustee who then distributes - if you break the plan/order they come after you

7 is less formal

This is VERY high level!!

Re: Different chapters of bankruptcy?
 

and thinking of it, I wonder if that company called chapter 11 is still in business...hmmm :D