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Chapter 11 bankruptcy is usually for corporations because of its complexity, but individuals can file too. Bankruptcy | California Courts | Self Help Guide ca.gov ? bankruptcy-guide ca.gov ? bankruptcy-guide
The discharge received by an individual debtor in a Chapter 11 case discharges the debtor from all pre-confirmation debts except those that would not be dischargeable in a Chapter 7 case filed by the same debtor. Chapter 11 Bankruptcy Reorganization FAQs arklatexlaw.com ? practice-areas ? bankruptcy ? ch... arklatexlaw.com ? practice-areas ? bankruptcy ? ch...
At minimum, a plan of conversion typically includes at least the following information: The converting entity's name. The converted entity's name. A statement of ?continuing existence? A statement of approval for the conversion. Entity Conversion - Changing Your Business Designation - Active Filings activefilings.com ? manage-your-business activefilings.com ? manage-your-business
It's important to note that an individual's personal assets may be used to pay creditors in a Chapter 11 bankruptcy case. Owners of corporations do not have to worry about having their assets included in the case, but sole proprietors or partners in a partnership may have their assets included in the filing. Chapter 11 Bankruptcy: Understanding the Basics lendingtree.com ? bankruptcy ? chapter-11 lendingtree.com ? bankruptcy ? chapter-11