Bankruptcy
What is Bankruptcy?Bankruptcy is a legal status of an individual or an entity when they are unable to pay their debts. The process could… Read Article
Types of Bankruptcies
Cramdown – Meaning, Uses, Limitations, and More
A Cramdown is a debt reorganization plan that a bankruptcy court enforces despite objection from one or more classes of creditors. It is a… Read Article
Chapter 11 vs Chapter 13 Bankruptcy – All You Need to Know
No one likes to face financial crises, but it can hit you, whether you like it or not. So whenever you come across a… Read Article
Involuntary Bankruptcy – Meaning, Features, Requirements and More
Involuntary Bankruptcy is a tool available to lenders or borrowers, or creditors. It allows them to get their payment (maybe partly) from a debtor… Read Article
Voluntary Bankruptcy – Meaning, Process and More
As the word suggests, voluntary bankruptcy is when a debtor voluntarily files for bankruptcy. In this case, the debtor himself files the bankruptcy petition,… Read Article
Bankruptcy – Chapter 13
What is Chapter 13 Bankruptcy?Chapter 13 bankruptcy, more commonly referred to as a wage earner’s plan, facilitates individuals having a regular income to construct… Read Article
Bankruptcy – Chapter 7 – Process- Advantages and Disadvantages
What is Chapter 7 Bankruptcy?Bankruptcy under Chapter 7 is like Liquidation Bankruptcy. Filing bankruptcy under this is most suitable when there is a lag… Read Article
Chapter 11 Bankruptcy
Bankruptcy – Chapter 11Chapter 11 is also known as reorganization bankruptcy as it involves a significant and disruptive overhaul of a debtor’s business affairs,… Read Article