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What is the difference between a Chapter 13 and a Chapter 11 Bankruptcy?

April 26, 2017Bankruptcy chapter 11 Chapter 13 difference

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What is the difference between a Chapter 13 and a Chapter 11 Bankruptcy?

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A Chapter 11 bankruptcy is a reorganization for corporations and large businesses. You may however, use a Chapter 13 for small businesses that are not incorporated or that have debts below a certain amount. The attorney will be able to determine what program would be best for you at the time of your free initial consultation.