Chapter 11 and Other Reorganizations
Although Chapter 7 and Chapter 13 bankruptcies are the most common types of bankruptcy filings, there are other types of reorganization bankruptcies that can be used by both individuals and companies in specific circumstances. Chapter 11 bankruptcy is a bankruptcy typically used by companies facing insurmountable financial difficulties, and is used to restructure the bankrupt business's debts into what eventually becomes a manageable repayment plan. Another type of lesser-known bankruptcy type is Chapter 12, typically used by individuals who are family farmers or fishermen. In this section you can find resources outlining the basics of these other types of bankruptcies, who is eligible for each type, and more. Please select from the links below to get started.
Learn About Chapter 11 and Other Reorganizations