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Iii the Debtor's Chapter 11 Case SEC Gov Form

Iii the Debtor's Chapter 11 Case SEC Gov Form

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you're considering filing a bankruptcy and you've heard of chapter 11 should i file a chapter 11. my name is andy forman and i'm a consumer in business bankruptcy in tampa florida and i help give advice to people day in and day out about which bankruptcy they should file chapter 11 is typically a corporate reorganization it can be used by individuals whose debt exceed the allowable amounts in chapter 13 but it's usually not very effective for individuals for a host of complex reason reasons in chapter 11 the corporation identifies the creditors and groups them in what are called classes the chapter 11 debtor files a disclosure statement which identifies the history of the debtor and provides financial information and it also provides for a plan of reorganization and in that plan there are the classes that we've identified and each class is treated differently some classes are taxes secured creditors priority claims and each of those classes are a

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