Different bankruptcy options are available for individuals in different situations so it is helpful to take a look at the different options and compare and contrast which is best for the party considering filing for bankruptcy. All personal bankruptcy protections provide certain types of help to filing parties, including a consumer debt relief and an automatic stay, but is helps to be familiar with the benefits and workings of different types of personal bankruptcy.
Chapter 11 bankruptcy can help struggling businesses through a challenging time. Chapter 11 bankruptcy provides a bankruptcy reorganization resource to struggling businesses that have heavy debt burdens but want to remain in business and get the business back on its feet.
Facing foreclosure can be alarming and even terrifying, which is why those facing the uncertainty of losing their home should be familiar with the legal protections available to them. Chapter 13 bankruptcy may be one option that may be able to help protect a family home.