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1. Types of corporate
bankruptcies

2. Filing bankruptcy is an appropriate medicine for financial distress in
business
An Experienced Bankruptcy Lawyer can recover the problem
Appellate Bankruptcy Lawyer helps to review the lower court's adverse
decision

3. Chapter 7 bankruptcy
Avail for individual, company, and partnerships
Provide asset-selling solutions to protect debtor
and creditor's interest
Relief from unsecured debts
Liquidation of assets is the solution ( liquidation
bankruptcy)

4. It helps to reshape debts in an organized way
The debtor requests creditors for a relief period to
repay
Slide 7
Plan to focus on
· Debt plan
· Reducing operation cost
· Contract some projects or long-term operations
· Ask for a repayment plan in 3 to 5 year
Chapter 11 bankruptcy

5. Chapter 13 bankruptcy
A reorganization bankruptcy plan
For individuals or entities with regular income flow
It helps repayment plan to settle the matter in the
stipulated time ( 3 to 5 years)

6. Chapter 15 bankruptcy
Support foreign bankruptcy deals.
Hire an experienced firm to deal with cross-border
cases
Cooperation with various jurisdictions to achieve a fair
and efficient resolution

7. You can hire a lawyer for the process or an
experienced financial advisor
Avoid formal bankruptcy process, and penalty and
save time
Creditors and debtors can make a face-to-face
solution
Debtors can request creditors in a formal or informal
way
Restructuring a repayment plan
Out-of-court solution

8. Some facts to check
before filing
bankruptcy options
· Size of business and revenue
· Type of debts and various
assets
· Future plan or any long-term
goals
· Cost and approx time of
settlement
· Subchapter Bankruptcy Lawyer
helps small businesses