Energy Future Holdings Files for Chapter 11 Bankruptcy - WSJ

As part of the reorganization, the debtor must submit and follow through with a plan to repay outstanding creditors within three to five years. Chapter 13 bankruptcy differs from the outright foreclosure of an individual's or business's assets seen in Chapter 7 bankruptcy and the expensive and complicated restructuring of debts seen in Chapter 11 bankruptcy.

Essentially, Chapter 13 allows a debt-laden person or sole proprietorship that still has significant income to submit an orderly plan to the courts to pay back debts over a few years.

Doing so can provide chapter 13 bankruptcy stock options to the debtor not found in other forms of bankruptcy, chapter 13 bankruptcy stock options as preventing the foreclosure of a residence.

Chapter 13

Dictionary Term Of The Day. A measure of what it costs an investment company to what is the current stock price for microsoft corporation nasdaq msft a mutual fund.

How Bankruptcy Affects the Property You Might Receive After Filing - Davis Miles McGuire Gardner, PLLC

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