Tag Archives: Chapter 11 Bankruptcy

WALL- STREET IN PANIC – Lehman Brothers Collapses

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Collapse of one of the world’s largest investment bank, Lehman Brothers has triggered large stock market falls around the globe. Wall Street has seen its worst day since 2001 amid fears about the stability of the financial system.

158-year-old bank Lehman Brothers, announced it was filing for Chapter 11 bankruptcy in the United States.

Chapter 7 and Chapter 11 Bankruptcy – Differences ?

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Five different kinds of bankruptcy cases cases are divided into two different types of bankruptcy cases:

  1. Liquidation – Chapter 7
  2. Reorganization – Chapters 9, 11, 12 and 13

According to investopedia

  • Chapter 7 bankruptcy is called liquidation bankruptcy.
  • Chapter 11 bankruptcy is called rehabilitation bankruptcy.