Legal Question in Bankruptcy in Illinois

Definitions of Chapter 7,11,13 filings

Briefly, what are the definitions of Bankruptcy Chapters 7, 11, and 13? What are the other Bankruptcy chapters? I am sure that this is a pretty loaded question.


Asked on 4/02/99, 8:10 am

1 Answer from Attorneys

Charles Dobra Charles Wm. Dobra, Ltd.

Re: Definitions of Chapter 7,11,13 filings

Chapter 7: Complete Liquidation

Chapter 13: Wage Earner's Plan

Chapter 11: Reorganization (not suitable for most consumers)

See, not so hard!

Charles Dobra

Charles Wm. Dobra, Ltd.

675 East Irving Park Road - Suite 100


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Answered on 4/07/99, 11:20 pm


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