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To file chapter 11 bankruptcy one must propose a plan and then must find creditors to agree with this plan. Then, the person must take the plan and creditors to bankruptcy court where the judge will decide whether the plan can work or not. As long as the judge and all the creditors agree then that person can follow through with the plan and be in chapter 11 bankruptcy.

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11y ago
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18y ago

Such an action is complexed to say the least, and it is highly advisable to retain a qualified bankruptcy attorney to handle the matter.

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Q: How does a person file for chapter 11 bankruptcy?
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Related questions

Did Shasta Pools file for bankruptcy Chapter 11 in 2007 or 2008?

No.


If you are not listed as creditor on chapter 11 bankruptcy?

File a proof of claim


If you filed bankruptcy four years ago and remarried can you file joint bankruptcy now?

It is possible for the married couple to file a chapter 13 or in some instances a chapter 11.


Did Shasta pools file for bankruptcy chapter 11 in 2008 2009 or 2010?

no


If I file Bankruptcy-7, will I be able to keep my 401k/ my home/ and my cay?

Chapter 7 is a liquidation bankruptcy, you are giving up your assets. If you want to keep your home and car you would need to file a Chapter 11 Bankruptcy.


When did Pacific Gas and Electric file for bankruptcy?

Pacific Gas and Electric filed for Chapter 11 bankruptcy in April 2001


If you had bankruptcy in 2004 can you file for bankruptcy again?

Some strict limitations have been set by the new bankruptcy law. Debtors will not be able to file Chapter 7 bankruptcy if they've been through a Chapter 7 within eight years of the new filing. If they want to file for Chapter 13, they will not receive a discharge within two years of a previous Chapter 13 discharge and within four years if they were discharged from a Chapter 7, 11 or 12 bankruptcy.


When did the Borders book stores file for Chapter 11?

Borders bookstores filed for Chapter 11 bankruptcy on February 16, 2011.


Who can file for a Chapter 11 bankruptcy?

Chapter 11 applies to individuals, partnerships, corporations, unincorporated associations, and railroads, although corporations are almost always the petitioners.


Did Monaco Motor Coach file bankruptcy?

Yes, they filed Chapter 11 on March 4, 2009.


What protection does Chapter 11 Bankruptcy offer?

Chapter 11 is the bankruptcy code issued to a business who files for bankruptcy. This type of bankruptcy protects a business and will allow it to get running again. If a business fails and applies for chapter 7, they must sell everything and give the proceeds to creditors. A person on chapter 11 does not have to do this.


Can you file a chapter 11?

Yes, provided you meet the qualifications. Bankruptcy is a federal court process. It is designed to help consumers and businesses eliminate debt or repay debts under the protection of the bankruptcy court. Chapter 11 bankruptcy is a type of reorganization bankruptcy, like Chapter 13. Chapter 11 is available to individuals, corporations, and partnerships. It has no limits on the amount of debt, again, like Chapter 13. Chapter 11 is the typical bankruptcy choice for large businesses seeking to restructure their debt and become profitable again. Chapter 11 is the most flexible of all the bankruptcy chapters, which makes it generally more expensive to the debtor. The rate of successful reorganizations is very low.