Tag Archives: Chapter 7 Bankruptcy

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.