Bankruptcies, June 22, 2013
Filed in U.S. Bankruptcy Court
Chapter 7 is a petition to liquidate assets and discharge debts.
Chapter 11 is a petition for protection from creditors and to reorganize.
Chapter 12 is a petition for family farmers to reorganize.
Chapter 13 is a petition for wage earners to readjust debts.
Jeff Poffenbarger, Dickinson, Chapter 7.
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