"Chapter 11 Vs Chapter 7"
The debate of Chapter 11 vs Chapter 7 bankruptcies is one that has been discussed for years, and it's important to understand the differences between the two. Chapter 11 bankruptcy is a type of reorganization that allows individuals or businesses to restructure their debt in order to become financially viable again. In contrast, chapter 7 bankruptcy is more commonly referred to as liquidation because it requires all non-exempt assets to be sold in order to pay off creditors.
Both types of bankruptcies can help those who are struggling with unmanageable debt and are looking for a fresh start. However, there are several key differences between them that should be taken into account when considering which option would be best suited for one's particular situation.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our main goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706