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stockmojo9

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stockmojo9

Re: None

Wednesday, 06/05/2013 11:35:15 AM

Wednesday, June 05, 2013 11:35:15 AM

Post# of 111126
der goobers & der goober mik-lachevsky:

Chp 7 is liquidation.

Chp 11 is re-organization as well as selling assets.

Both need the approval of the Court, of course.

So, why would a bankruptcy attorney file Chp 7 if their intent was to re-organize?

They wouldn't.

Why would a bankruptcy attorney file a Chp 11 with the intent to liquidate?

They wouldn't.
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