Small businesses can file for a Chapter 11 or a Chapter 7 bankruptcy in Pennsylvania and all other federal bankruptcy districts. Chapter 11 is a reorganization plan that a business will file to reorganize its debts and business affairs, and hopefully continue to do...
Year: 2014
Chapter 11 bankruptcy for college causes confusion
Have you ever heard of a college suddenly closing, leaving students, some of which were on the brink of graduating, without a complete college education? This is what happened at Bryman College, which operates 11 campuses. The college filed for Chapter 11 bankruptcy...
Student debt is virtually impossible to discharge in bankruptcy
Imagine you're in your late teens and you've just graduated from high school. You've done all the hard work over the past couple of years to apply to college and, finally, you're going to be headed off to the school of your dreams. Four years of college will prepare...