CHAPTER 7, 11 AND 13 BANKRUPTCY EXPLANATIONS & TERMINOLOGY. This section will contain most of the terminology that a credit grantor needs to know. ... or business entity may seek relief by ...
Chapter 11. Involuntary. Pleadings. FAQ's. Chapter 11 Filing Requirements. All petitions and schedules must be accompanied by the filing fee, or individual debtors may file an application ...
... bankruptcy protection under either Chapter 7 or Chapter 11. A Chapter 7 filing means that the business intends ... then cease operations. A Chapter 11 filing, on the other hand, is ...