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.
- Chapter 11 Overview
A general summary of Chapter 11 bankruptcy, which typically involves businesses and corporations.
- Corporate Bankruptcy: Investor Information
Key things that every investor should know about the corporate bankruptcy process.
- Chapter 12 Basics
Information about this type of bankruptcy aimed at providing relief for family farmers and fishermen.
- Chapter 12: How It Works
More detailed information on the procedures involved in a Chapter 12 bankruptcy.