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Is Chapter 11 Bankruptcy?

I want to file Bankruptcy but I live in Texas and my husband does not want to be a part of it. Can I file Chapter 11 without including him?

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0 Views: 452 Answers: 2 Posted: 15 years ago

2 Answers

mizz2012

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yes

15 years ago. Rating: 1
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dubs3

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Yes it is...see this description below

What Does Chapter 11 Mean?
Named after the U.S. bankruptcy code 11, Chapter 11 is a form of bankruptcy that involves a reorganization of a debtor's business affairs and assets. It is generally filed by corporations which require time to restructure their debts.

Chapter 11 gives the debtor a fresh start, subject to the debtor's fulfillment of its obligations under its plan of reorganization.

Investopedia explains Chapter 11
A Chapter 11 reorganization is the most complex of all bankruptcy cases and generally the most expensive. It should be considered only after careful analysis and exploration of all other alternatives.

15 years ago. Rating: 0
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