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Who files chapter 9 bankruptcy?

A Regelment-Legal bankruptcy attorney answers the question Who Files for Chapter 9 Bankruptcy? Chapter 9 of the Bankruptcy Code is reserved only for municipalities that want to file bankruptcy. How is a municipality defined? Municipalities that file chapter 9 must meet the definition in the bankruptcy code. The bankruptcy code defines municipalities as a “political […]

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How Will Bankruptcy Help Debt Relief?

A Reglement-Legal Attorney discusses how filing bankruptcy will create debt relief… What types of bankruptcy are offered to individuals? For individuals seeking debt relief, the bankruptcy code provides for several different methods for filing, depending on the individual’s financial situation. The most common types of cases filed are those in chapter 7 (liquidation) and chapter […]

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Who Files for Bankruptcy?

All kinds of people from all walks of life, file for bankruptcy. Over 1.5 million people from last year, filed for non-business bankruptcy. It is a very tough, agonizing decision an individual makes when deciding whether to file or not. Usually when one decides to file, they are overwhelmed with debt. Their financial resources cannot […]

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