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|Law Offices of Jeff Rasansky - Dallas personal injury lawyer Jeff Rasansky goes to work each morning with one mission in mind: to fight for the rights of personal injury victims.
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Classifications of Bankruptcy
This is not intended as a complete list or as legal aid, if you need bankruptcy guidance, please consult a bankruptcy attorney or bankruptcy lawyer.
Chapter 7 Bankruptcy:
- Turn over property to court appointed trustee
- Close business
- Sell assets, distribute funds equally to creditors
- Creditors can force the debtor into bankruptcy or debtor files voluntarily
- Chapter 7 bankruptcy remains on credit report for 10 years
- More Chapter 7 Information
Chapter 11 Reorganization:
- Pay a portion of the debt, court writes off the balance
- Stay in business
- Creditors are categorized and repayments prioritized
- Creditors in each category receive equal treatment
- More Chapter 11 Information
Chapter 13 Reorganization
- Not necessary to declare bankruptcy
- Pay debts in installments when able
- Debtor protected by federal court
- Debtor files voluntarily
- More Chapter 13 Information
Texas Bankruptcy Courts
Texas Northern District
Texas Eastern District
Texas Western District
Texas Southern District
US Bankruptcy Code
Download US Bankruptcy Code
(to download - right click, choose "save as")
Title 11 - (Complete title)
Chapter 7 - Liquidation
Chapter 11 - Reorganization
Chapter 13 - Adjustment of Debts of An Individual With Regular Income
US Bankruptcy code download official site
Title 11, Bankruptcy; and Appendix
American Bankruptcy Institute
(ABI World Bankruptcy Information)
Federal Rules of Bankruptcy Procedure
Other Bankruptcy Links
Internet Bankruptcy Library
Federal Rules of Bankruptcy Procedure & Official Bankruptcy Forms
Current Bankruptcy Statistics
Historical Bankruptcy Statistics
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