Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What about individuals having mostly business debt, rather than personal debt who intent to file a Chapter 11 bankruptcy. Does the individual have to obtain credit counseling prior to filing bankruptcy?

0
Posted

What about individuals having mostly business debt, rather than personal debt who intent to file a Chapter 11 bankruptcy. Does the individual have to obtain credit counseling prior to filing bankruptcy?

0

Yes. Individuals who file Chapter 11-Business Reorganization must obtain credit counseling from an approved agency.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123