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How to Stop Fannie Mae Foreclosures
What Is Bankruptcy Discharge?
What Is a Bankruptcy Petition?
What Is a Bankruptcy Trustee?
What Are All of the Various Types of Bankruptcy?
How to Save a Home From Foreclosure
Pros & Cons of Chapter 7 Bankruptcy
What to Keep When Filing Bankruptcy
How to Find Out if Someone Filed Bankruptcy?
Chapter 11 of bankruptcy is part of the United States Bankruptcy Code. The law establishes the fundamental… More
What can you do when debts and bills are piling up and no money is coming in, your business is failing and… More
There are a number of different types of bankruptcy cases that can be filed in the United States. Two of t… More
Any time prior to confirming a Chapter 13 payment plan, a court can order a bankruptcy case transferred to… More
Chapter 11 bankruptcy is typically a corporate re-organization case in which the corporation identifies th… More
Successfully filing for Chapter 11 bankruptcy can help forestall or prevent foreclosure on both personal a… More
A bankruptcy trustee is an individual or corporation appointed by the bankruptcy court to represent the ba… More
Bankruptcy is a legal proceeding that takes place in the federal bankruptcy court, in order to have your f… More
There are many types of bankruptcy, including Chapter 7, 11, 12 and 13, with Chapter 7 referring to the in… More
Recovering from bankruptcy requires setting up a realistic budget with all assets and liabilities, changin… More
Business bankruptcy is typically not a subject that makes business owners or consumers warm and fuzzy. Yet… More
A fair and efficient system for business bankruptcy is essential for a capitalist economy. If bankruptcy w… More
Bankruptcy isn't the end of the world, and it's possible for small businesspeople to recover and re-establ… More
Commercial bankruptcy can have several outcomes. However, a redistribution of debt is often the best solut… More
Summary: There are many types of bankruptcy, including Chapter 7, 11, 12 and 13, with Chapter 7 referring to the individual liquidation bankruptcy in which a debtor turns over their non-exempt assets to a bankruptcy trustee to pay off creditors. Find out what processes are involved in Chapter 11, 12 and 13 bankruptcies with help from a certified civil mediator in this free video on bankruptcy and money management.
Robert Todd is the managing partner and president of Robert M. Todd, P.A. and Family Law Solutions. He is a certified family mediator and Florida Supreme Court-certified civil...read more
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"You're having trouble meeting your bills. In fact, your income is not lasting the entire month and you've had people tell you maybe you should consider bankruptcy and you've heard about Chapter 7 and Chapter 13 and Chapter 11 and Chapter 12. And it's all very confusing and gee, what exactly does all of this mean? Hello, I'm Robert Todd, and I'm here to answer the question: What are the various types of bankruptcy? Well, in general terms, the Chapter 7 is the individual liquidation bankruptcy where you, as the debtor, turn over your non-exempt assets to the bankruptcy trustee who converts them to cash and pays off the creditors. And you are discharged from your debts. That's a very basic explanation. Chapter 13 is more of an individual reorganization where you make enough money to come up with a reorganization plan where you're going to pay off your debts and you're going to be able to keep a lot of your assets. And this, too, is a very basic definition. And then there's Chapter 11, which is a corporate reorganization, much like a Chapter 13, but primarily for corporations and partnerships. And then there's Chapter 12, which has to do with debt adjustment for family farmers. And that's a basic overview of the various bankruptcies that are available. If you have a specific question about bankruptcy, we recommend that you consult a bankruptcy attorney. I'm Robert Todd, and thank you for watching."
eHow Article: What Are All of the Various Types of Bankruptcy?
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