Basic liquidation for individuals and businesses. This is also known as Straight Bankruptcy, and is the simplest and quickest form of bankruptcy available. Certain requirements need to be met in order to qualify for this type.
Rehabilitation with a payment plan for individuals with a regular source of income. This type enables individuals with regular income to develop a plan to repay all or part of their debts. It is also known as Wage Earner Plan.
Similar to Chapter 13 filing, but targeted at businesses that are struggling to survive. By filing after you become insolvent, or unable to meet your debts, you can keep your business alive and handle your obligations responsibly.
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