Personal and Business Bankruptcy: Chapter 7, Chapter 11, Chapter 13
The bankruptcy court will determine what debts can be discharged under Chapter 7. Under Chapter 13, you will be working out a payment plan with your creditors. In either case, you will still be responsible for alimony and child support; certain taxes; student loans; and debts or loans that you obtained through giving false information. There are a growing number of individual Chapter 11 bankruptcy filings. These are more complex, but often offer a better result for some of our clients. We'll be happy to work with you to determine the correct option for you.