Other Chapters of Bankruptcy

Almost all bankruptcies are filed under Chapter 7, 13 or 11. However, there are six total types of bankruptcy. Below are the three uncommon chapters of bankruptcy.

Chapter 9

Chapter 9 allows a municipality to propose a plan to adjust its debts by modifying, reducing or eliminating the debts. A municipality may not file Chapter 9 bankruptcy unless authorized by the law of its state.

Chapter 12

Chapter 12 allows a family farmer or fisherman to propose a plan to adjust its debts by modifying, reducing or eliminating the debts. It works very similarly to Chapter 13, but is only available to a very limited class of people.

Chapter 15

Chapter 15 governs bankruptcy or other insolvency proceedings in cross-border cases.

Contact Ledford, Wu & Borges, LLC Bankruptcy Lawyers

Learn more about how we can help you determine the best approach to your financial issues. Our goal is provide you with the highest level of service and legal representation. For a free initial consultation with a lawyer at Ledford, Wu & Borges, LLC, call 312-574-3327 or contact us online today.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.