"Chapter 11 Vs Chapter 7" Discussion

Upsolve Community Member
The Upsolve app is for Chapter 7, but there is an article https://upsolve.org/learn/reorganization-plan that describes some of the complexities involved in filing a Chapter 11. You might consider consulting a bankruptcy attorney if you decide a Chapter 11 is right for you. These https://upsolve.org/learn/how-to-find-the-right-bankruptcy-attorney-for-me might help. 

Upsolve Community Member
If you're still considering all of your bankruptcy options, you might find this article https://upsolve.org/learn/chapter-11-vs-chapter-13 useful. For instance, it points out that a Chapter 13 case will require a $310.00 court filing fee and the court filing fee for a Chapter 11 case is $1,717.00. 

Upsolve Community Member
Keep checking out our Learning Center and asking questions here! 

Upsolve Community Member
If you need to file a Subchapter V bankruptcy you should do so with the assistance of an experienced attorney. It's not designed for consumers and not straightforward like a simple Chapter 7. 

Upsolve Community Member
Chapter 11 bankruptcy helps businesses and individuals reorganize their debts. 

Upsolve Community Member
This article might be helpful! https://upsolve.org/learn/chapter-7-vs-chapter-11-explained/

Upsolve Community Member
Thanks for asking! 

Upsolve Community Member
Thanks for asking this, Wendy- I'm so sorry to hear about the hard times that have fallen on you. 

Upsolve Community Member
You might find this resource helpful! https://upsolve.org/learn/chapter-7-versus-chapter-13-bankruptcy/ 

Upsolve Community Member
And this one! https://upsolve.org/learn/how-often-can-you-file-bankruptcy/ 

Upsolve Community Member
CONGRATS!!!

Upsolve Community Member
Daniel that is WONDERFUL!!! And thank YOU for the shout-out to the Upsolve Team! They do ROCK! :-) and YOU DO TOO for persevering and seeing this project through in earning your Fresh Start! Now it's time to rebuild and I hope to see you in the new Upsolve Personal Finances "Conversation" (room) where topics like "budgets", "rebuilding credit" -- what works, what doesn't will be discussed. I was discharged in June of 2020 and it has been an interesting rebuilding process! :-) 

Upsolve Community Member
Woo hoo! Congratulations Daniel!! So happy for you!! (And thanks for sharing your experience!)

Upsolve Community Member
Did you have to dress up for your meeting?

Upsolve Community Member
How did you get discharged so quick?

Upsolve Community Member
@rahmel- mine 341 was over the phone.  @Michael I filed on 9/17 and didn't have the 341 until 11/4 then 60 days for creditors to object.  

Upsolve Community Member
My opinion only: Include it. It won't hurt. If there is a problem, you will be alerted and you can always edit or amend later. This is all better than not reporting something and losing sleep over it. :-). Good luck ahead! :-)

Upsolve Community Member
The instructions for the bankruptcy form for unsecured debts (Schedule E/F) states "When you file for bankruptcy, the court needs to know who all your creditors are and what types of claims they have against you." The Upsolve article https://upsolve.org/learn/chapter-7-bankruptcy-forms-explained/ has information and links to bankruptcy forms. Also, 11 U.S. Code § 521 on debtor's duties states that the "debtor shall file a list of creditors." There have been Pell grants listed in bankruptcy before. The Upsolve short learning center article https://upsolve.org/learn/need-list-all-creditors/ says "You should do your best to list all of the companies you owe money to on your bankruptcy forms." I'm just spouting out facts I read but I hope it helps!