Chapter 11 for Individuals: Three Key Differences from Business Reorganizations

Chapter 11 is primarily a vehicle for businesses to reorganize, but can also be utilized by individuals.

Chapter 11 is primarily a vehicle for businesses to reorganize, but can also be utilized by individuals (i) who have debts that exceed the limits for “wage earner” repayment plans under Chapter 13; and/or (ii) earn too much to be eligible for a Chapter 7 liquidation. For example, Chapter 13 is only available to debtors… [More...]

Pointers on Selecting a Chapter 11 Bankruptcy Counsel

Matthew Zirzow

As a business owner you undoubtedly will be involved in one aspect or another of a Chapter 11 bankruptcy case. Representation by a competent bankruptcy professional is imperative to protecting your interests because the practice is fast-paced and requires intimate knowledge of a specific and complicated federal statutory scheme (the Bankruptcy Code), as well as… [More...]