Minnesota Bankruptcies (February 25, 2012)
Published 02/25/2012, INFORUM
Chapter 7 is a petition to liquidate assets and discharge debts. Chapter 11 is a petition for protection from creditors and to reorganize. Chapter 12 is a petition for family farmers to reorganize. Chapter 13 is a petition for wage earners to readjust debts.Word count: 183
The full article is available to newspaper subscribers. If you are a subscriber please log in to continue reading.