Different chapters of bankruptcy?
#1
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?
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?
#3
Re: Different chapters of bankruptcy?
#4
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Joined: Oct 2004
Location: The Big Apple
Posts: 1,834
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!!
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!!
#5
Re: Different chapters of bankruptcy?
and thinking of it, I wonder if that company called chapter 11 is still in business...hmmm