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Feher Law - St. Petersburg Florida

Simplified Business Bankruptcy: Chapter 7 vs. Chapter 11 – Know the Key Differences

Demystifying Business Bankruptcy: Chapter 7 vs. Chapter 11 – Know the Key Differences

If your business is in financial distress, a bankruptcy could be a helpful tool to manage debt and reorganize operations. There are two common bankruptcy options for businesses: Chapter 7 and Chapter 11. Each chapter serves a distinct purpose and comes with its own set of rules and outcomes. This article will address the key differences between Chapter 7 and Chapter 11 bankruptcy, helping businesses understand which option may be more suitable for their financial situation.

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Off-Limit Benefits: The 5 most common benefits people receive and why they are off-limits in bankruptcy

It is not uncommon that individuals receive benefits from the government. Whether you are receiving social security retirement benefits, social security disability benefits, food stamps, housing or utility vouchers, you may wonder how bankruptcy will affect your benefits. You can rest at ease knowing that your benefits will not be affected by you filing bankruptcy. In most cases, your benefits are off limits.

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