The Record: Bankruptcies, July 2017

Bankruptcy categories include: Chapter 7, bankruptcy involving liquidation of nonexempt assets; Chapter 11, plan permitting reorganization of financial affairs under court supervision for an individual engaged in business or for a company (asset and liability schedules are not always filed with initial petition); Chapter 12, plan permitting farmers and ranchers to reorganize their financial affairs under court supervision (asset and liability schedules are not always filed with initial petition); Chapter 13, bankruptcy that provides a plan for repaying a portion of debts over an extended time.

Source : http://www.omaha.com/money/the-record-bankruptcies-july/article_ad889229-874b-56c5-9df2-09e566e2fef5.html

The Record: Bankruptcies, July 2017
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