Replies to post #15235 on Visual Management Systems, Inc. (fka VMSYQ)

[Zorax]

I already did...and..
No. Chapter 13 is also federal and is for personal, or sole propierships...mainly. Jason maybe, vmsyq no.
http://www.uscourts.gov/FederalCourts/Bankruptcy/BankruptcyBasics/Chapter13.aspx

Chapter 13 Eligibility
Any individual, even if self-employed or operating an unincorporated business, is eligible for chapter 13 relief as long as the individual's unsecured debts are less than $360,475 and secured debts are less than $1,081,400. 11 U.S.C. § 109(e). These amounts are adjusted periodically to reflect changes in the consumer price index. A corporation or partnership may not be a chapter 13 debtor. Id.

[retireat40]

Wrong again...chap 13 does NOT apply to corporations.