In the news, Chapter 11 bankruptcy cases usually involve businesses. This recent items is an exception, and the news writer finds it necessary to explain that individuals are eligible to file a Chapter 11 bankruptcy case.
Some individuals have too much debt and income to qualify under either Chapter 7 or Chapter 13, and a Chapter 11 case is the only bankruptcy option available to them.
If you are considering requesting Chapter 11 bankruptcy protection, you should consult with an attorney familiar with Chapter 11 bankruptcies to discuss your options. For a free consultation, call (480) 719-1152.