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Tell me about Chapter 7
1888 Discuss-> Legal Advice -> Business Bankruptcy-> Tell me about Chapter 7 This forum is locked: you cannot post, reply to, or edit topics. This topic is locked: you cannot edit posts or make replies.
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Zavaleta
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Post Posted: Thu Jan 25, 2007 12:22 pm    Post subject: Tell me about Chapter 7
In which condition, Chapter 7 is the best choice?
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1888 Discuss
Guest
PostPosted: Thu Jan 25, 2007 12:22 pm  
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Drummond
Guest
PostPosted: Mon Jan 29, 2007 11:46 am    
[i]The business does not become feasible. Debt is mounting so that restructuring is not possible.[/i]



Drummond
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Gillian
Guest
PostPosted: Tue Jan 30, 2007 12:00 pm    
In short the chapter 7 is ideal for business, which has not going to survive in the future; in such case shareholders get security.


Gillian..
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