Legal Question in Bankruptcy in Maryland
Nonfinancial Bankruptcy
I work in the credit department of my company. Recently we pulled a Dun and Bradstreet report on a company that listed a "nonfinancial bankruptcy." Please let me know what this is (means financially) and how it is filed.
Asked on 2/18/98, 1:13 pm
1 Answer from Attorneys
Brett Weiss
Brett Weiss, P.C.
Nonfinancial Bankruptcy
There ain't no such animal. A bankruptcy is a bankruptcy; the only difference is in the chapters (7, 9, 11, 12, 13) and in whether it is voluntary or involuntary.
Answered on 2/24/98, 1:39 am
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