Unfortunately many Americans find bankruptcy as a past, present, or future chapter in their lives. Knowing the facts, the law, and information that pertains to it can help you close this chapter of your life and move on. The only difference for many of these people is the number of the Chapter in their life.

• Chapter 7 bankruptcy is basic liquidation for individuals and businesses.
• Chapter 9 is municipal bankruptcy.
• Chapter 11 is bankruptcy rehabilitation or reorganization, used primarily by business debtors, but sometimes by individuals with substantial debts and assets.
• Chapter 12 is bankruptcy rehabilitation for family farmers and fishermen.
• Chapter 13 is bankruptcy rehabilitation with a payment plan for individuals with a regular source of income;.

For purposes of this website we will cover the basics of all of the above except Chapter 9.