typesofbankruptcy.net
Types of Bankruptcy —The reason for filing chapter 11 bankruptcy protection. April 15, 2010. Chapter 11 is unique compared to the other options in that the debtor will operate as his own trustee. This is what is called debtor in possession A business or individual that files for chapter 11 can still operate under the supervision of the bankruptcy court. Where as in chapter 7, the business will have to sell off all assets and cease all operations. Comments on this entry are closed }. April 14, 2010. April 7, 2010. Chapter 9 B...
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