Archives for October 2013

When Chapter 11 Bankruptcy is the First Resort

Most people are relatively unfamiliar with bankruptcy laws, and the term “Chapter 11” has taken on a nearly-mythical status in our consciousness as an awful fate that results in ruin.  Even people who have a slightly better understanding of the mechanism and purpose of bankruptcy laws often view Chapter 11 as a last resort, the refuge you seek when there are simply no other answers.

Certainly, many of the end results of Chapter 11 Bankruptcy – especially for individuals – are undesirable.  [Read more…]