Filing for bankruptcy can be complicated. There are three major provisions of the federal bankruptcy code. Chapter 7 (liquidation) seeks to use assets to pay off debt. Chapters 11 & 13 (reorganization provisions for companies and individuals) seek to create a reasonable repayment plan for the debtor. Below are resources to help you navigate the bankruptcy landscape and decide if a bankruptcy filing is right for you.
Federal Bankruptcy Code. Title 11 of the United States Code contains all chapters of the federal bankruptcy code.
Bankruptcy Basics. This United States Courts site provides user-friendly explanations of federal bankruptcy laws and the bankruptcy process.
Bankruptcy: Should I File? (Nolo). A series of articles on issues to consider when trying to determine whether or not to file for bankruptcy.
Corporate Bankruptcy. On this webpage, the SEC discusses the impact of a public company bankruptcy on investors.
