The automatic stay is something that occurs when you file bankruptcy of any type. While it isn't fully comprehensive, the automatic stay is a powerful tool for those who are facing immediate debt crisis because it puts a stop to a number of collection activities while the bankruptcy proceeding takes place.
What is the automatic stay?
Increasing Chapter 13 Plan Payments
The Problem:
Filing Chapter 11 as a business entity
Chapter 11 bankruptcy can offer financial relief to a beleaguered business, but before you decide on any legal route regarding your professional finances, you do need to understand the requirements and the consequences of filing bankruptcy as a business. One of the most important considerations is how the bankruptcy might impact you personally.
