Eastern District Bankruptcy Forms

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Commonly Asked Questions about Eastern District Bankruptcy Forms

Where do I file bankruptcy in DC?

If you decide to file a bankruptcy petition without a lawyer, you can get the forms from the Clerks Office of the U.S. Bankruptcy Court for the District of Columbia. It is located in Room 1225 of the E. Barrett Prettyman U.S. Courthouse at 333 Constitution Avenue, NW, Washington, DC 20001.

What is Type 11 bankruptcy?

Background. A case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a reorganization bankruptcy. Usually, the debtor remains in possession, has the powers and duties of a trustee, may continue to operate its business, and may, with court approval, borrow new money.

What is the difference between Chapter 11 and 13?

Chapter 11 can be done by almost any individual or business, with no specific debt-level limits and no required income. Chapter 13 is reserved for individuals with stable incomes, while also having specific debt limits.

How many bankruptcy is there?

See how we rate products and services to help you make smart decisions with your money. The United States Bankruptcy Code has six chapters, though only three are commonly used. Chapter 7 and Chapter 13 are the most common filings for individuals, while Chapter 11 is usually for businesses.

Is it better to file a Chapter 7 or 13?

Generally, Chapter 7 is more appropriate for simple cases while Chapter 13 for more complicated bankruptcies. Or somewhat more accurately, Chapter 13 can give you more power over and flexibility with certain kinds of creditors, and if you have non-exempt assets.

What is best to file bankruptcies?

Chapter 7 is the most commonly filed personal bankruptcy. Its quicker and less complicated than Chapter 13. That said, Chapter 13 might be a better option for you if you make too much income to pass the means test and/or if you own a home.

How many forms of bankruptcy are there?

For creditors, bankruptcy offers a way to collect on debts they may otherwise write off. The United States Bankruptcy Code provides six types of bankruptcy: Chapter 7, 9, 11, 12, 13 and 15. Selecting the proper bankruptcy chapter is crucial for the success of a filing.

What are options from filing for bankruptcies?

If you file for personal bankruptcy, you generally have two options: Chapter 7 or Chapter 13. A Chapter 7 bankruptcy will sell off many of your assets to pay your creditors. In a Chapter 13 bankruptcy, you keep the assets but must repay your debts over a specified period.