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For more details on Chapters 7, 11, and 13; click on the
chapter buttons to the left. The following list gives very general
definitions of the available chapters:
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Chapter 7 Bankruptcy
applies to a wide variety of individuals and businesses.
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Chapter
13 is sometimes referred to as "Bill Consolidation." This
chapter is usually used by individuals or small businesses. Neither a business
that has been incorporated nor a partnership can file a Chapter 13
Bankruptcy.
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Chapter 12
Bankruptcy applies only to farmers and ranchers.
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Chapter 11
Bankruptcy usually applies only to larger businesses (whether owned by a
partnership, a corporation, or an individual).
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Chapter
9 Bankruptcy applies only to municipalities.
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Copyright © 2006 Merv Waage
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