Chapter 11 is the plan payment form of bankruptcy for businesses and individuals with very large debt obligations. You act as a debtor in possession of your assets and have the opportunity to structure a plan that will eliminate most unsecured debt, restructure payments on secured debt and taxes.
When you think of airlines or major well-known businesses who have filed bankruptcy, Chapter 11 is what they filed. Our bankruptcy attorneys have vast experience with Chapter 11s and can advise you if this is your best option.
Chapter 12 is the plan payment form of bankruptcy for farmers. A Chapter 12 is almost identical to a Chapter 13, except you receive sweat-equity in your farm. To qualify, a majority of your income must be from farming. Our attorneys can evaluate your situation and advise you if Chapter 12 is right for you.
Chapter 9 is a government or quasi-governmental entity form of bankruptcy. Chapter 9 is a reorganization which allows the district, city, county or other entity to reorganize, retaining significant assets. Our attorneys will assist you in determining how this process will affect your assets.