Differences Between Chapter 11 & Chapter 13 Bankruptcies

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Differences Between Chapter 11 & Chapter 13 Bankruptcies – This is a place for the community to provide tips and advice on Differences Between Chapter 11 & Chapter 13 Bankruptcies. This topic was created by Jesyca Schnepp and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - What are the differences between chapter 7 and chapter 11 bankruptcy?

Published: 9 years, 4 month(s) ago | Submitted by Evariste Kalonji | permalink

Chapter 7 bankruptcy is sometimes also called liquidation bankruptcy. Firms experiencing this form of bankruptcy are past the stage of reorganization and must sell off any un-exempt assets to pay creditors. In chapter 7, the creditors collect their debts according to how they loaned out the money to the firm (also referred to as the "absolute priority").
Tags: bankruptcy,chapter 7,chapter 11,liquidation,debt,creditors,absolute priority,entrepreneur,venture capital,business bankruptcy,corporate debt,preferred shares

For further reading: http://www.investopedia.com/ask/answers/190.asp ^[1]

Tip 2 - Chapter 13 v. Chapter 11 Bankruptcy for Small Business Owners | Nolo.com

Published: 9 years, 4 month(s) ago | Submitted by Chris Meilleur | permalink

Chapter 13 or Chapter 11 Bankruptcy for Small Business Owner? Learn about the differences between Chapter 11 and Chapter 13 business bankruptcies.

For further reading: http://www.nolo.com/legal-encyclopedia/chapter-13-chapter-11-bankruptcy-small-business-owners.html ^[2]

Tip 3 - What are the differences between the various chapters of bankruptcy? - HowStuffWorks

Published: 9 years, 4 month(s) ago | Submitted by Ari Chazan | permalink

What are the different chapters of bankruptcy and how do they work? Learn the differences between the four different bankruptcy chapters.
Tags: chapters of bankruptcy, bankruptcy chapters, four chapters of bankruptcy

For further reading: http://money.howstuffworks.com/personal-finance/debt-management/chapters-bankruptcy.htm ^[3]

Tip 4 - Differences Between Chapter 7, Chapter 11 and Chapter 13 Bankruptcy

Published: 9 years, 4 month(s) ago | Submitted by Ines Nastasoiu | permalink

A bankruptcy attorney can help you understand the differences between Chapter 7, Chapter 11 and Chapter 13 Bankruptcy and offer advice on which one to file.

For further reading: http://charleshuberlaw.com/blog/understanding-differences-chapter-7-chapter-11-chapter-13-bankruptcy/ ^[4]

Tip 5 - Filing for Bankruptcy: Chapter 7 vs. Chapter 11 vs. Chapter 13

Published: 9 years, 4 month(s) ago | Submitted by yshiuan | permalink

If you are thinking about filing bankruptcy, there will be a lot of numbers involved. Three very important numbers will be 7, 11 and 13. Learn more now.

For further reading: http://www.credit.com/debt/filing-for-bankruptcy-difference-between-chapters-7-11-13/ ^[5]