Chapter 11 Bankruptcy

Chapter 11 bankruptcy is often called the reorganization bankruptcy. While widely thought of as a business bankruptcy, Chapter 11 bankruptcy in Phoenix, Arizona can also be filed by individuals. A Chapter 11 bankruptcy filing allows you to reorganize your debt, that is: propose a repayment plan that gains time to repay the debts while the business remains open as a source of income for the repayment.

As with other bankruptcy chapters, there are qualifications that must be met. But the unlimited debt limits of Chapter 11 bankruptcy make it a good fit for those that cannot qualify for Chapter 7 or whose debt and assets are more complicated than Chapter 13.

Filing an individual Chapter 11 bankruptcy is considerably more complex than the other chapters of bankruptcy, and you must consult with an experienced bankruptcy attorney for a successful outcome.

Find more detailed information about Chapter 11 bankruptcy topics here:

Chapter 11 Bankruptcy Details

Individual Chapter 11

Business Chapter 11