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1. www.caeb.uscourts.gov › FAQUnited States Bankruptcy Court - Eastern District of California

   www.caeb.uscourts.gov › FAQ

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   4 days ago · Bankruptcy is a way for people and businesses who owe more money than they can pay right now (‘debtors') to either work out a plan to repay the money over time in a case under chapter 11, chapter 12 or chapter 13, or to wipe out (‘discharge') most of their bills in a chapter 7 case.

2. www.balancepro.org › resources › articlesThe Bankruptcy Reform Act: What It Means to You

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   5 days ago · Chapter 13 bankruptcy. If your petition to file a Chapter 7 is denied, you still have Chapter 13 bankruptcy as an available option. Chapter 13 bankruptcy is a court supervised repayment plan where you pay at least a percentage of your debt over 36 to 60 months.

3. Top Stories

   • News about Chapter 11, Redbox, Subchapter V
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       TheStreet.com

       Distressed discount furniture chain plans Chapter 11 bankruptcy

       8 hours ago

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       WSB Radio

       Small businesses could find filing for bankruptcy more difficult as government program expires

       5 hours ago

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       Business Insider via Yahoo News

       Redbox's parent company stopped paying employees for over a week before finally filing for bankruptcy

       2 days ago

     • The National Law Review

       Impact of Expired Debt Limit on Small Business Bankruptcies

       5 days ago

   • News about Bob's Stores, liquidation, Eastern Mountain Sports
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       Sourcing Journal via Yahoo Finance

       Bob’s Stores to Close; Eastern Mountain Sports’ Future Unclear

       9 hours ago

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       Retail Dive via Yahoo Finance

       All Bob’s Stores locations to close

       16 hours ago

   • News about Bob's Stores, bankruptcy, Massachusetts
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       Daily Voice

       Bob's Stores To Close All Locations After Filing For Bankruptcy; Retailer Liquidating Inventory

       10 hours ago

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       The Business Journals

       Bob’s Stores to close all six Mass. locations - Boston Business Journal

       5 hours ago

   • Also in the news
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       TheStreet.com

       Popular retailer closing all stores after Chapter 11 bankruptcy

       11 hours ago

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       Bloomberg

       Soffe, Salt Life Clothing Seller Files for Chapter 11 Bankruptcy

       2 days ago

4. www.reuters.com › legal › us-supreme-court-purdueUS Supreme Court Purdue ruling makes mass litigation tougher ...

   www.reuters.com › legal › us-supreme-court-purdue

   5 days ago · Bankruptcy may become a less attractive way to resolve sprawling lawsuits after a U.S. Supreme Court ruling scuttled OxyContin maker Purdue Pharma's Chapter 11 settlement and sharply scaled back a ...

5. www.thestreet.com › retail › popular-discountDistressed discount furniture chain plans Chapter 11 bankruptcy

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   7 hours ago · The parent company of upscale furniture and home decor retailer Z Gallerie, which operated 21 stores in nine states, on Oct. 16, 2023, filed for Chapter 11 bankruptcy protection as supply chain ...

6. www.caeb.uscourts.gov › BankruptcyTypesUnited States Bankruptcy Court - Eastern District of California

   www.caeb.uscourts.gov › BankruptcyTypes

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   3 days ago · Today is: Sunday, Jun 30, 2024. Four Basic Types of Bankruptcy Cases. Chapter 7 is the liquidation chapter of the Bankruptcy Code. Chapter 7 cases are commonly referred to as "straight bankruptcy" or "liquidation" cases, and may be filed by an individual, corporation, or a partnership.

7. www.legalzoom.com › articles › how-to-file-chapterHow to file Chapter 13 bankruptcy | LegalZoom

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   2 days ago · Chapter 7: A bankruptcy court will order some or all of your assets to be sold to repay your debts and discharge the remainder, hence the name “liquidation bankruptcy.” Chapter 11: A process similar to Chapter 13 bankruptcy involving a repayment plan followed by a debt discharge, but meant for individuals or businesses with a high net worth.

8. People also ask

   What is a chapter 13 bankruptcy?

   • Chapter 13 is the debt repayment chapter for individuals with regular income, including individuals who operate businesses as sole proprietorships. It is not available to corporations or partnerships. Chapter 13 generally permits individuals to keep their property by repaying creditors out of their future income.

   United States Bankruptcy Court - Eastern District of California

   www.caeb.uscourts.gov/BankruptcyTypes

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   Is there a debt limit under Chapter 11?

   • There is no debt limit under Chapter 11. Due to the expense and complexity of chapter 11, the decision to file a chapter 11 petition should be made in consultation with an attorney. Chapter 12 offers bankruptcy relief to those who qualify as family farmers or family fishermen.

   United States Bankruptcy Court - Eastern District of California

   www.caeb.uscourts.gov/BankruptcyTypes

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   Who qualifies for Chapter 12 bankruptcy?

   • Chapter 12 offers bankruptcy relief to those who qualify as family farmers or family fishermen. There are debt limitations for chapter 12, and a certain portion of the debtor's income must come from the operation of a farming or fishing business.

   United States Bankruptcy Court - Eastern District of California

   www.caeb.uscourts.gov/BankruptcyTypes

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   What is a Chapter 11 reorganization?

   • After completion of payments under the plan, chapter 13 debtors receive a discharge of most debts. Chapter 11 is the reorganization chapter available to businesses and individuals who have substantial assets and/or income to restructure and repay their debts.

   United States Bankruptcy Court - Eastern District of California

   www.caeb.uscourts.gov/BankruptcyTypes

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9. www.illinoislegalaid.org › legal-issues › bankruptcyBankruptcy | Illinois Legal Aid Online

   www.illinoislegalaid.org › legal-issues › bankruptcy

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   4 days ago · We open opportunities for justice. Bankruptcy can help you get back on your feet if you have a lot of debt. But it's not for everyone. Learn more with these resources.