Even though Chapter 11 bankruptcy is suitable for firms, it's an selection for some persons too. If you have substantial-conclude real house, for instance a multimillion-dollar dwelling, that you'd like to shield in the bankruptcy approach, Chapter eleven may possibly supply you more safety than Chapter thirteen and will be your only option to safe

Can you receive a tax refund using an ongoing Chapter thirteen bankruptcy? Usually, a tax refund will probably be seen as disposable income. Consequently, it have to be turned more than into the trustee. In rare circumstances, you could possibly clearly show that the tax refund is essential to deal with living expenditures, by which situation, the

Chapter 11 bankruptcy just isn't only for businesses. There are numerous folks with sufficient individual assets to need a approach which will cope with their exclusive worries.When submitting Chapter 13, you will have to submit a proposed payment program. In the end, the court docket would require you to pay the mandatory debts and get a discharge