Introduction

• Jurisdiction: United States

Introduction

When it comes to chapter 11 bankruptcy cases, most practitioners envision insolvent business entities. But this is not always the case. While the majority of chapter 11 bankruptcy cases involve corporate debtors, a recent study found that "[i]ndividuals account for more than a quarter of chapter 11 bankruptcy filings, and this share has grown over time."¹

Although most individual debtors who restructure their debts file for bankruptcy under chapter 13, certain debtors possess characteristics...