Скачать или смотреть How is DEBT handled under different types of bankruptcy? How does it work?

Check out this video about what happens to debts and how debts get reorganized under the different types of bankruptcy.

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There are six different types of bankruptcies: Ch 7, Ch 9, Ch 11, Ch 12, Ch 13 and Ch 15. WM Law typically files more Chapter 7 bankruptcy cases than all of the other types combined, followed closely by Chapter 13 cases. We also file Chapter 11 business bankruptcies and Chapter 12 farm bankruptcies. Chapter 9 cases are for municipal governmental entities and Chapter 15 cases are for transnational bankruptcies, so they are both extremely rare. Debts are handled differently in each. A Chapter 7 case can be filed by any person or entity and is a “liquidation” type bankruptcy. All of the other types of bankruptcies are “reorganization” type bankruptcies.