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October 2, 2008


This one of the definition for bankruptcy:

A legal state of insolvency. A company deemed to be in this condition may choose protection under the law to allow a chance to reorganize (Chapter 11) or liquidate in an orderly fashion (Chapter 7).A company deemed to be bankrupt may choose protection under the law to allow a chance to reorganize (Chapter 11) or liquidate in an orderly fashion (Chapter 7). In the past few years, the improper use of the Bankruptcy Code's Chapter 11 provisions by larger corporations has put companies in similar situations under strict scrutiny. For this reason, it's recommended that you consult a competent bankruptcy attorney in order to understand just what's involved and to ensure you file all proper paperwork. Additionally, you should plan on taking from two to four years to complete the judicial cycle of Chapter 11 proceedings.

What are different types of bankruptcy:

Chapters: There are six types of bankruptcy under the Bankruptcy Code, located at Title 11 of the United States Code:-

Chapter 7: basic liquidation for individuals and businesses
Chapter 9: municipal bankruptcy
Chapter 11: rehabilitation or reorganization, used primarily by business debtors, but sometimes by individuals with substantial debts and assets
Chapter 12: rehabilitation for family farmers and fishermen
Chapter 13: rehabilitation with a payment plan for individuals with a regular source of income
Chapter 15: ancillary and other international cases

The most common types of personal bankruptcy for individuals are Chapter 7 and Chapter 13.Corporations and other business forms often file under Chapter 7 or Chapter 11.

These are some of the books on Bankruptcy:

We The People's Guide to Bankruptcy
A Do It Yourself Plan for Getting Out of Debt
by Ira Distenfield
Download 2.5MB File

Chapter 13 Bankruptcy Repay Your Debts
by Stephen Elias
Download 7MB File

The Bankruptcy Kit
by John Ventura
Download 5.4MB File

The Complete Idiot's Guide to Surviving Bankruptcy
by Carol Costa
Download 9.4MB File

Fresh Start Bankruptcy
A Simplified Guide for Individuals and Entrepreneurs
by Deborah Levine Herman
Download 2MB File

The Ethics of Bankruptcy
by Jukka Kilpi
Download 500KB File

Bankruptcy and Insolvency Taxation
by Grant W. Newton
Download 6.3MB File

Repair Your Credit and Knock Out Your Debt
by Jeff Michael
Download 11 MB File

Business Turnaround and Bankruptcy Kit
by John Ventura
Download 2.5MB File

Small Business Survival Book
12 Surefire Ways for Your Business to Survive and Thrive
by Barbara Weltman
Download 1.1MB File

Risk Quantification Management, Diagnosis and Hedging
by Laurent Condamin
Download 3MB File

The Credit Repair Handbook Everything You Need to Know to Maintain,
Rebuild, and Protect Your Credit
by John Ventura
Download 1.3MB File

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