Bankruptcy Chapters Information

If small business or personal debt has forced you to consider declaring bankruptcy, one of the first steps is deciding which bankruptcy chapter best fits your financial situation.

The pages below provide an overview of Chapter 7, Chapter 11, Chapter 12, and Chapter 13 bankruptcy, and a description of who typically files for each type.

Bankruptcy is tough - Don't face it alone! Contact Kimel Law Offices online today to set up a case evaluation. We'll help you plan plan your financial turnaround and get on your way to a fresh start.

Chapter 7 Bankruptcy Information

Personal bankruptcy with complete or near-complete elimination of debt, but allowing for "liquidation" of property.

Chapter 11 Bankruptcy Information

Business debt re-organization for corporate entities.

Chapter 12 Bankruptcy Information

Debt relief for individuals classified as "family farmers" or "family fishermen".

Chapter 13 Bankruptcy Information

Personal bankruptcy with flexible rescheduling of debt repayment, with safegaurds against foreclosure and repossession.