Section 16.23 Chapter 11 Proceedings

• Library: Bankruptcy Practice (2007 Ed. + 2015 Cum Supp)

2. (§16.23) Chapter 11 Proceedings

Very few individuals avail themselves of bankruptcy relief under Chapter 11 of the Bankruptcy Code because it is more costly and time consuming than either Chapter 7 or Chapter 13. But the Supreme Court has held that individual debtors are entitled to seek relief under Chapter 11, even if they are not engaged in a trade or business. Toibb v. Radloff, 501 U.S. 157, 166 (1991). Those individual debtors who do file for Chapter 11 bankruptcy protection will find that the same...