Keyword Analysis & Research: chapter 11 bankruptcy california

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Frequently Asked Questions

Should you consider a Chapter 11 bankruptcy?

Chapter 11 bankruptcy is the most complex of all bankruptcy cases. It is also usually the most expensive form of a bankruptcy proceeding. For these reasons, a company must consider Chapter 11 reorganization only after careful analysis and exploration of all other possible alternatives.

What are the conditions for a Chapter 11 bankruptcy?

In filing a Chapter 11, the debtor presents a plan to creditors which, if accepted by the creditors and approved by the Court, will allow the debtor to reorganize personal, financial or business affairs and again become a financially productive individual or business. Credit Counseling must be obtained prior to filing Bankruptcy.

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